It’s a reddit market
December 29, 2025
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–CME higher margin for silver is in effect, $27,500 initial. The range so far, just for today, in SIH6 is 82.67 to 73.71, or 8.96 or $44800.
–Friday featured a bounce in the curve, with 2s down 2 bps to 3.491%, 10s unch’d at 4.134 and 30s +2.4 to 4.818%. I marked 2/10 high of the year so far at 67.4 (marks taken at the time of futures settle) with Friday at 65.3.
–According to BBG, VIX ended Friday at a new low for the year 13.6. MOVE at 58.5 low since late 2021, before hiking cycle started.
–The lowest quarterly SOFR contract is SFRH6 at 9649.0 or 3.51%. The high is SFRZ6 at 9689.0 or 3.11%. All SOFR contracts out to March’29 lie within this 40 bp band, pretty stark contrast with precious metals volatility.
–Full screen day both Wednesday and Friday for CME.
(funny)
