After a historic plunge, the CME Group raised margin requirements for gold and silver.

The Chicago Mercantile Exchange Group has raised the margin requirements for gold and silver futures on the New York Mercantile Exchange, following the largest price drop in decades for these two futures. The exchange stated in a statement on Friday that for non-high-risk level accounts, the margin ratio for gold will be increased from the current 6% to 8%. The exchange said that for high-risk level accounts, the margin ratio for gold will be raised from the current 6.6% to 8.8%. According to the statement, for non-high-risk level accounts, the margin ratio for silver will be raised from the current 11% to 15%, while the margin ratio for silver for high-risk level accounts will be raised from the current 12.1% to 16.5%. Margin requirements for platinum and palladium futures contracts will also be increased. The Chicago Mercantile Exchange stated that this adjustment will take effect from the close of trading on Monday, and is the result of "regularly assessing market volatility to ensure sufficient collateral coverage."