15 min listen
Silver margin requirements increase; price collapses – Peter Hug
Silver margin requirements increase; price collapses – Peter Hug
ratings:
Length:
15 minutes
Released:
Feb 2, 2021
Format:
Podcast episode
Description
The silver price dropped 10% on Tuesday as the CME raised margin requirements for silver contracts.
Peter Hug, global trading director of Kitco Metals, said that the silver squeeze attempt has now “backfired” as bullion inventories have run dry as a result, and with premiums up and few physical products to sell, it is now even more difficult for retail investors to push the price up.
Peter Hug, global trading director of Kitco Metals, said that the silver squeeze attempt has now “backfired” as bullion inventories have run dry as a result, and with premiums up and few physical products to sell, it is now even more difficult for retail investors to push the price up.
Released:
Feb 2, 2021
Format:
Podcast episode
Titles in the series (100)
Peter Hug breaks down the ideal allocation into gold and silver: What is the short-term trend for gold? Is the long-term outlook still positive? How much, if any, of the metals should be in your portfolio now? Peter Hug, global trading director, answers these questions. by Kitco NEWS Interviews