[BRIEFING.COM] The major averages remain little changed from previous values at midday.
The materials sector (-0.4%) is near the bottom of today's leaderboard as recent volatility across precious metals prices swings negative. After a 10.5% price increase yesterday, silver is down $6.74 (-8.7%) to $71.17 per oz today.
CME Group raised margin requirements on precious metal futures for the second time in the span of a week, adding to the volatile backdrop for precious metals.
Precious metals miner Newmont Corporation (NEM 100.53, -1.33, -1.31%) is a laggard after trading 2.1% higher yesterday. With today's loss, the stock is now down 5.0% this week.