CME Cuts Silver, Gold Trading Margins

``CME, which owns the Comex division of the New York Mercantile Exchange, trimmed gold margins by 7.7% effective close of trading Friday, in a notice emailed Thursday evening... Trading margins on the benchmark 5,000-ounce silver futures contract were cut 8.3%. Speculators must now deposit $ 9,075 to open a silver futures position and maintain $8,250 of that overnight, down from $9,900 initial margin and $ 9,000 maintenance margin previously.''