#数字资产动态追踪 Year-end market reshuffle, precious metals collectively surge

On December 31, 2025, the international precious metals futures market suddenly made a big move. The Chicago Mercantile Exchange temporarily increased the margin requirements for precious metals futures, which immediately caused the entire trading board to plummet.

Silver was the hardest hit, dropping directly below 9%, from $71 per ounce downward. Spot silver was even more brutal, evaporating $5 in a single day, finally settling at $71.14 per ounce. Such a single-day decline is indeed rare.

Other precious metals didn't fare much better. Gold retreated $50 from its high, closing at $4,323 per ounce; palladium plummeted 7% to $1,507 per ounce; platinum was even more aggressive, dropping over 12% at one point, ultimately ending at $1,962 per ounce.

Everyone knows what it usually means when exchanges adjust margins — institutions think the market is overheated and need to hit the brakes. Although this move came suddenly, it also reflects concerns from large funds about this wave of precious metals行情. Investors who originally hoped to profit from the market before the New Year were caught off guard. The volatility at year-end was instantly heightened, and this operation indeed caused a significant震动 in the market.