Weak hands shaken off from Metals leveraged long

As per some messages people received from ICICI Direct , the Initial margin for Gold has been increased to almost 30% and Silver is almost at 70% . What this means for the Indian commodity F&O is - Weak hands that were playing leveraged long speculatively ( long forwards ) when the IM was about 8-10% cannot afford that anymore or rather they have to reduce leverage by 1/3 . For silver you are better off buying the spot than the leveraged forward (70% is way too high ) . Bottomline - very less speculative long positions in MCX and this does not bode well for MCX as a stock as we can expect the trading volumes to plummet and couple more such large moves , leveraged long will stop making any sense at all - making MCX volumes go down even further !