(Kitco News) - Margins for silver futures will rise at the close of business Friday, CME Group said Thursday.

CME Group also said it will change margins for a number of other commodities, including cheese, cattle, cocoa, coffee, uranium, propane and gasoline. The stated purpose of the margin changes is to “ensure adequate collateral coverage,” said CME Group, which operates the Comex division of the New York Mercantile Exchange, where silver trades.

The “initial” margin for speculators in the 5,000-ounce silver contract will rise to $11,745 from $11,138. The margin for hedge/members and “maintenance” of speculative positions will rise to $8,700 from $8,250.

Margins will also rise for the miNY and E-mini silver futures.

By Allen Sykora of Kitco News; asykora@kitco.com

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