Bocom International: ETF and options liquidation trigger silver sell-off, margin raised to increase holding costs.

After a 31% plunge in the price of silver on Friday, the downward trend has slightly eased, but it is still far below the high point reached last week, indicating a rapid retreat from the previous record-breaking rally. Shengbao Bank analysts stated, "Although the initial trigger was Kevin Wash's nomination driving a rebound in the US dollar, the depth of this plunge is due to a futures sell-off related to the liquidation of ETF and options positions." Meanwhile, the CME Group announced an increase in margin requirements for precious metal futures on Monday, thereby raising the cost of holding positions.