Silver rebounds after worst weekly loss since 1975

Silver futures have recovered from the worst weekly drop since 1975, gaining 4.4% Monday to reach $37 an ounce.

Silver rebounded after shedding 34% last week as investors reacted to a move by CME Group to up its margins. CME, which owns commodities futures exchange Comex, upped margin requirements for investors forcing them to effectively 'put up or shut up' by backing their trades with additional capital or selling out of them. The move hurt the price of the precious metal as speculators were driven out, bringing to an end the sharp climb in silver futures which had soared to a 30-year high of $49.85 an ounce at the end of April. Following the correction, investors were returning to silver ...