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The silver rate dropped 10% on Tuesday as the CME increased margin needs for silver contracts.
Peter Hug, international trading supervisor of Kitco Metals, said that the silver press effort has currently "backfired" as bullion stocks have run completely dry consequently, and also with costs up and also couple of physical products to offer, it is now much more tough for retail capitalists to push the rate up.
0:00 – Silver capture
8:30 – Silver costs shot up
10:15 – CME margin demands up for silver
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