[SMM Flash]

Published: Jan 28, 2026 17:37
The Shanghai Gold Exchange (SGE) issued a notice stating that, in accordance with the relevant provisions of the "Shanghai Gold Exchange Risk Control Management Measures," adjustments will be made to the margin levels and price limit ratios for silver deferred contracts. The relevant matters are notified as follows: Starting from the close of business on Friday, January 30, 2026, the margin level for the Ag (T+D) contract will be adjusted from 19% to 20%, and from the next trading day, the price fluctuation limit will be adjusted from 18% to 19%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn