White Metal Faces Headwinds From Rising Leverage Costs and Trade Barriers

Silver is facing mounting pressure as multiple forces converge to weigh on prices. The recent surge in margin requirements has increased the cost of leveraged positions, forcing some traders to reassess their exposure. Simultaneously, new export restrictions on certain commodities are tightening supply dynamics, creating additional uncertainty in the market. These policy shifts—both on the financial engineering side and the trade side—are creating an environment where precious metals face significant headwinds. The combination of higher carrying costs and constrained supply flows typically signals a challenging near-term outlook for bullion markets.