CME Raises Silver Margin Requirements, Triggers $675M Extra Collateral Bill

A viral post claiming a "major US bank blew up" on a silver trade sent markets into chaos, but the real story lies in a CME margin change that quietly hit traders with an estimated $675 million extra collateral bill. The CME raised margin requirements for silver and other metals due to increased volatility, causing a forced deleveraging story that resulted in a silver price drop of around 11% intraday. The same leverage physics that often wrecks silver traders can spill over into Bitcoin and altcoins.