CME Group To Raise Silver Futures Margin To $6,500 From $5,000

By Matt Whittaker, Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- CME Group said Tuesday it will raise the margin requirements for Comex silver futures, effective Wednesday.

Traders will now be required to put up $6,500 in margin to hold a benchmark 5, 000-ounce silver contract overnight. The margin had been $5,000.

The new rates will be effective after the close of business on Wednesday.

CME Group owns the New York Mercantile Exchange. These silver futures are traded on the Comex division of Nymex.

-By Matt Whittaker, Dow Jones Newswires; 212-416-2139; matt.whittaker@ dowjones.com