Question: A trader bought to open one silver contract on 5,000 troy ounces at $17.28 an ounce. The initial margin on the contract is $5,900 and

A trader bought to open one silver contract on 5,000 troy ounces at $17.28 an ounce. The initial margin on the contract is $5,900 and the maintenance margin is $5,500. If silver rises to $17.34 the next day and the trader sells to close out his contract, what is his rate of return on the money deposited for this contract (return on margin)?

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