The crazy rise in gold and silver futures last week was put on the brakes after exchange operator CME required traders to provide more margin for bets. According to Dow Jones market data, CME's gold futures fell more than 2% in previous market trading, while silver futures fell more than 5% after hitting a record intraday high overnight. Both contracts settled at record prices last Friday. The reason behind this price reversal is that CME has raised margin requirements for a series of metal contracts. The exchange operator announced the increase in a notice sent to traders on Friday, saying it was part of a “normal market volatility assessment,” and the adjustment came into effect on Monday. Platinum and palladium futures were also affected by CME's move, which fell 7% and 11%, respectively, in previous market trading.

The crazy rise in gold and silver futures last week was put on the brakes after exchange operator CME required traders to provide more margin for bets. According to Dow Jones market data, CME's gold futures fell more than 2% in previous market trading, while silver futures fell more than 5% after hitting a record intraday high overnight. Both contracts settled at record prices last Friday. The reason behind this price reversal is that CME has raised margin requirements for a series of metal contracts. The exchange operator announced the increase in a notice sent to traders on Friday, saying it was part of a “normal market volatility assessment,” and the adjustment came into effect on Monday. Platinum and palladium futures were also affected by CME's move, which fell 7% and 11%, respectively, in previous market trading.