New York Mercantile Exchange To Increase Margin Rates On Silver And Copper Futures Contracts

The New York Mercantile Exchange, Inc., announced today that it will increase the margins on its COMEX Division silver and copper futures contracts at the close of business on tomorrow.

The margins on each of the two contracts will be raised to $2,000 from $1,500 for clearing members and members and to $2,700 from $2,025 for customers.