In a rush to leave this morning, I posted the wrong info about silver. Here's the correction: • Starting January 13, CME switched from fixed dollar margin to a percentage-based margin calculation (e.g., 9%, later raised further to 11% or above 12%). • During the week of January 27, the percentage was raised twice more, resulting in a total of five margin hikes within 9 days. • This forced leveraged positions to either inject massive funds or close out during price fluctuations, creating chain liquidation pressure and driving silver prices to crash (e.g., when silver hit $120, the margin requirement for one contract surged to $54,000+). So last night's driver was CME. I skimmed the info this morning and posted it directly—my bad.