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The following list describes trades by a given individual in March Silver futures contract. Each contract size is 5000 troy ounces. Jan. 31: trade 1:

The following list describes trades by a given individual in March Silver futures contract. Each contract size is 5000 troy ounces.

Jan. 31: trade 1: open 2 long position @ futures price $27.055

trade 2: open 5 long positions @ futures price $28.350

Feb. 1: trade 1: close 1 position @ futures price $28.460

trade 2: open 1 long position @ futures price $28.335

trade 3: close 3 position @ futures price $ 29.575

Feb. 2: trade 1: close 2 position @ futures price $28.750

trade 2: open 3 long position @ futures price $26.875

Open

High

Low

Settlement

Jan. 31

27.055

29.223

27.055

28.820

Feb. 1

28.425

30.350

28.155

29.418

Feb. 2

28.650

29.023

26.355

26.780

Based on the price information in the table above, calculate the daily gain/loss to the traders margin account due to marking to market for Jan. 31, Feb.1and Feb. 2. (9 points)

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