All Members,
In terms of silver price is in high fluctuation, in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE decides to adjust the margin rate and price limit for the Ag(T+D) contract in order to prevent market risk upon prudent consideration. The relevant matters are hereby notified as follows:
If a limit-locked market of Ag (T+D) occurs on February 2, 2026 Monday, the margin rate for the Ag(T+D) contract shall be adjusted from 20% to 26% from the day-end settlement, and the price limit shall be adjusted from 19% to 25% starting from the next trading day.
If there is no limit-locked market, the margin rate and price limit for Ag (T+D) shall remain unchanged. 
All members are requested to enhance risk awareness, make detailed risk contingency plans, advise investors to strengthen risk prevention, reasonably control positions, invest rationally, and ensure stable and healthy market operation.