According to this site-—
https://vblgoldfix.substack.com/p/how-the-silver-rally-might-end
CMX raised the SILVER MARGIN from $20,000 to $22,000 on DECEMBER 12, 2025 and the market totally shrugged it off!!!!!!
Here is a link to historical CMX SILVER MARGINS
https://www.cmegroup.com/clearing/risk-management/files/SI-2020-to-present.pdf
Here is a summary of recent margin changes
Sep 26 2025 from 15,000 to 16,000
Unknown date changes between SEP 2025 AND DEC 2025 from 16,000 to 20,000
Dec 12 2025 from 20,000 to 22,000
Dec 26 2025 from 22,000 to 25,000
It is pretty obvious that the increase margin from Sep 26 to now has had absolutely no impact on the soaring silver prices.