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Market chaos! The CME "heavy punch" strikes, and precious metals plunge collectively into the New Year
On December 31, the day of the New Year’s Eve, the financial world suddenly exploded — a "margin increase" by the CME delivered a heavy blow, directly stunning the precious metals market, which immediately entered a "dive mode."
NY Silver led the decline, plunging over 9% intraday, breaking through the $71 per ounce mark; spot silver was even more brutal, evaporating $5 in a single day, with the current price at only $71.14 per ounce.
Gold was not spared: spot gold retreated $50 from its high, closing at $4323 per ounce; palladium dropped 7% in one day, at $1507 per ounce; platinum was even more dramatic, plunging over 12% at one point, finally closing at $1962 per ounce.
The good New Year’s rally was turned into a "crash scene" by this round of margin adjustments by the CME, with many traders exclaiming: this might be the most unforgettable trading wrap-up of 2025.
$XAUT $SLVON