Thread: Silver futures fall 7.6% as gold extends losses

May 3, 2011, 12:44 p.m. EDT

Silver futures fall 5% as gold extends losses

Exchange operator raises silver margin requirements for third time

By Claudia Assis and Deborah Levine, MarketWatch

SAN FRANCISCO (MarketWatch) — Silver futures slid Tuesday, dragging down gold and other commodities after the main U.S. metals exchange again announced higher margin requirements to trade silver.

Silver for July delivery /quotes/comstock/21e!f1:si\n11 SIN11 -9.60% fell $2.34, or 5.1%, to $43.71 an ounce on the Comex division of the New York Mercantile Exchange.

The metal earlier dipped to as low as $42.98 an ounce, a 6.7% loss from Monday’s settlement. Silver has lost 10% since Friday.

Stronger dollar hits commoditiesPaul Vigna and Joe Bel Bruno discuss today's market action and the impact a rebound in the U.S. dollar is having on commodity prices.

“A selloff of this magnitude was inevitable,â€

Metals Stocks

May 3, 2011, 3:01 p.m. EDT

Silver futures fall 7.6%; gold extends losses

Exchange operator raises silver margin requirements for third time

By Claudia Assis and Deborah Levine, MarketWatch
SAN FRANCISCO (MarketWatch) — Silver futures slid Tuesday, dragging down gold and other commodities after the main U.S. metals exchange again announced higher margin requirements to trade silver.

Silver for July delivery /quotes/comstock/21e!f1:si\n11 SIN11 -3.09% fell $3.50, or 7.6%, to settle at $42.59 an ounce on the Comex division of the New York Mercantile Exchange. That was silver’s biggest one-day drop since December 2008.

Silver traded as low as $42.42 an ounce, according to preliminary figures available at the CME Group Inc.’s website. The CME owns Comex.

The metal has lost 12% since Friday.

Stronger dollar hits commoditiesPaul Vigna and Joe Bel Bruno discuss today's market action and the impact a rebound in the U.S. dollar is having on commodity prices.

“A selloff of this magnitude was inevitable,â€

The Impending Collapse of the Gold Bubble
March 30, 2011

http://seekingalpha.com/article/260900- ... old-bubble