On New Year's Eve, the financial markets experienced intense volatility. The CME suddenly announced an increase in margin requirements for precious metals, a policy move that caught the market off guard—leading to a massive sell-off across all precious metals.
New York silver futures led the decline, dropping over 9% intraday and briefly breaking below the $71/oz support level. Spot silver performed even worse, losing nearly $5 in a single day, settling at $71.14/oz, creating many traders' "dark memories" at year-end.
Gold was not spared. Spot gold retreated $50 from its year-end high, closing at $4323/oz. Other precious metals were even more devastated: palladium plummeted 7% in a single day to $1507/oz, while platinum tumbled over 12%, finally closing at $1962/oz.
What does this wave of adjustments reflect? The increase in margin requirements means higher trading costs, forcing investors to close or reduce their positions. Such policies by exchanges often serve as turning points in market sentiment—especially during a time like year-end, which is already filled with uncertainty. Many seasoned traders have said this could be the most impactful market event before the start of 2025. It reminds us that the risk management decisions of exchanges can instantly reshape market dynamics.
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AltcoinTherapist
· 12h ago
CME Group's move is simply amazing, still causing trouble for the New Year... Silver drops 9% and breaks the defense
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Damn, as soon as the margin call is raised, a liquidation wave follows. That's why I only dare to trade small positions
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Platinum at 12%? The year-end show is really outrageous, exchanges are truly the behind-the-scenes puppeteers of the market
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It's the exchange's manipulative operation again, always hitting at the most heartbreaking moments
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Spot silver drops to $71, and I’ve lost my pants... I really can't hold on anymore
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Just a few days into 2025, and it's already teaching us how to behave. Precious metals are really a trap
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NFT_Therapy
· 12h ago
CME's recent actions have directly wiped us all out.
Palladium and platinum plummeted across the board, and silver was even more outrageous, with margin calls immediately breaking through support levels.
This is probably the effect the exchange wanted, under the guise of risk management, harvesting retail investors.
But to be fair, these year-end black swan events are indeed unpredictable; all we can say is a new year, new atmosphere, and new ways to get cut.
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MeltdownSurvivalist
· 12h ago
CME's move this time is really incredible, they directly dumped on New Year's Eve, and I was stunned by the 9% drop in silver.
When margin requirements increase, investors have to cut losses; the exchange's tactics are just too dirty.
Is this how 2025 begins? Feels like it's about to get intense.
Platinum plummeted 12%, and the money is just gone, damn it.
The exchange says they'll change the rules, but retail investors are always the last to pay the price.
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ShibaSunglasses
· 12h ago
CME's move this time is really impressive, coming right before the New Year? It wiped out my half-year profits directly.
When margin is raised, retail investors have to get out. This trick has become quite tired.
I really didn't expect silver to break below 71. If I had known, I would have closed my position earlier.
Is this the welcome gift for the start of 2025... a bit harsh.
The exchange said they would change the rules and then changed them; in their eyes, this little amount of money is just chump change.
The 12% drop in platinum is what I can't understand the most—why is it so fierce?
Margin is such a shady thing; I simply can't react in time.
So, can I still buy the dip next, or will it continue to fall?
On New Year's Eve, the financial markets experienced intense volatility. The CME suddenly announced an increase in margin requirements for precious metals, a policy move that caught the market off guard—leading to a massive sell-off across all precious metals.
New York silver futures led the decline, dropping over 9% intraday and briefly breaking below the $71/oz support level. Spot silver performed even worse, losing nearly $5 in a single day, settling at $71.14/oz, creating many traders' "dark memories" at year-end.
Gold was not spared. Spot gold retreated $50 from its year-end high, closing at $4323/oz. Other precious metals were even more devastated: palladium plummeted 7% in a single day to $1507/oz, while platinum tumbled over 12%, finally closing at $1962/oz.
What does this wave of adjustments reflect? The increase in margin requirements means higher trading costs, forcing investors to close or reduce their positions. Such policies by exchanges often serve as turning points in market sentiment—especially during a time like year-end, which is already filled with uncertainty. Many seasoned traders have said this could be the most impactful market event before the start of 2025. It reminds us that the risk management decisions of exchanges can instantly reshape market dynamics.