Shanghai Exchange Lowers Silver Margin, Daily Limits

Source:

"All changes will take effect since the silver price did not hit the daily upward or downward limit."

Reuters

The Shanghai Gold Exchange (SGE) will cut silver margin requirements to 15% from Monday's settlement, the second cut since last Friday, it said on Monday.

The exchange just cut the requirements to 18% from the May 13 settlement. It will also lower daily moving limits for the silver forward contract to 10% from May 17.

All changes will take effect since the silver price did not hit the daily upward or downward limit as of Monday's close.

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