Gold and silver prices soften after CME raises margins again

CME Group raised margins on precious metals futures again, and gold and silver eased as some investors booked profits. Spot gold fell about 0.8% and spot silver fell about 6% after a very strong 2025 rally.

Gold and silver prices eased on Wednesday after exchange operator CME Group increased margins on precious metals futures again. Investors were reported to have taken some profits after a historic run earlier in the year. Spot gold and spot silver moved lower in early U.S. trading. The metals have seen unusually large annual gains in 2025. What was reported: - CME Group raised margins on precious metals futures for a second time in the space of a week. - Spot gold was reported down about 0.8% to $4,313.59 per ounce. - Spot silver was reported down about 6.2% to $71.77 per ounce. - Gold is up more than 64% year-to-date and silver is on course for roughly 150% gains in 2025. - The rally has been supported by factors such as ETF and central bank demand, interest rate moves, tariffs, and strong demand from India. Summary: The margin increase appears to have prompted some profit-taking and eased prices after a strong rally. It may help to watch whether CME adjusts margin levels again and how ETF and central bank flows respond. Further market direction is undetermined at this time.