I read on another site that the silver margin will be 9% of the contracts value.
A CME futures contract is for 5,000 ounces of silver.
If the silver price is $80 per ounce, then the margin for one contract will be 9% of $400,000 or $36,000.
The current CME silver margin is $25,000 per contract.
That would seem to be an attack on the silver manipulating banks that beat down the price with paper silver at a rate of 250 to 1 vs physical silver.
Nice to see them take a hit.