All Members:
In accordance with the provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE will adjust the margin ratios and price limits for silver deferred contracts. The relevant matters are hereby notified as follows:
Effective from the closing settlement on February 3, 2026 (Tuesday), margin ratio of Ag(T+D) contract will be adjusted from 26% to 23%, and the price limit will be adjusted from 25% to 22% effective from the next trading day.
All members shall enhance risk awareness, refine risk contingency plans, advise investors to strengthen risk management, reasonably control positions, invest rationally, and ensure stable and healthy market operation.