CME Group increased margin requirements for gold and silver futures again on Friday, marking the third adjustment in less than two weeks as extreme price swings continue to roil precious metals markets.
The exchange raised initial and maintenance margins for COMEX 100 gold futures to 9% from 8% for non-heightened risk profile accounts. Silver futures saw a larger increase, with margins rising to 18% from 15%. The changes take effect after the close of business on Friday last week.
Margin requirements represent the minimum collateral traders must maintain to hold futures positions. Exchanges typically raise these thresholds during periods of heightened volatility to mitigate default risk.
The adjustments follow unprecedented volatility in precious metals markets. Gold and silver posted their steepest single-day declines in decades on January 30, 2026, after both metals reached record highs earlier that week. Gold peaked above $5,600 per ounce on January 29 before plunging more than 12% the following day. Silver crashed over 30% after touching $121 per ounce.
CME Group switched to percentage-based margin calculations for precious metals on January 13, replacing its previous fixed-dollar system. The exchange has since increased margins three times — on January 30, February 2, and now February 6.
The margin increases raise capital requirements for traders at a time when many are already facing losses from the sharp price reversal. Higher margins typically dampen speculative activity and can trigger additional selling as overleveraged positions are closed to meet the new requirements.
Despite the recent volatility, many analysts maintain bullish long-term forecasts for precious metals, citing persistent central bank demand and ongoing geopolitical uncertainties.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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