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Reuters
Shanghai Gold Exchange to raise silver margin requirement to 12%
BEIJING, April 8 (Reuters) –The Shanghai Gold Exchange will raise margin requirement for some silver futures contracts to 12% from 10% starting from settlement on April 9, the bourse said on Monday.
It will also raise trading limits for some silver futures contracts to 11% from 9% from the next trading session.
The statement came after the most active June silver futures contract on the Shanghai Futures Exchange hit the upper price limit on Monday.
Reporting by Amy Lv, Judy Hua and Andrew Hayley; Editing by Jacqueline Wong
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2024-04-08 07:16:43