Silver prices rise after a sharp fall last Friday.
Silver futures rose by 3.7%, following a drop of about 30% on Friday. The US dollar, which had weakened for most of January, continued to rise. In addition, the Chicago Mercantile Exchange has raised the margin requirements for silver, which is expected to increase selling pressure on silver in the future. It is expected that the price of silver will experience intense fluctuations as many traders may decide to take profits after the historic rally in silver prices over the past few months. SP Angel stated in a report, "Metal markets are experiencing such extreme volatility, causing some to suffer heavy losses." Gold fell by 0.3%.
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