The Shanghai gold exchange this morning has announced that they will LOWER silver margins from 18% to 15% after the close of business Monday provided there are no major price moves during Monday’s trading.
Interesting that the Shanghai gold exchange actually LOWERS silver margins when silver trading settles down and volatility leaves the market. We’re more likely to see Obama’s real birth certificate than we are to see the CME lower silver margins.
Official Press release:
白银Ag(T+D) 合约行情波动逐渐趋于正常。根据交易所《延期交收交易规则》和《风险控制管理办法》的相关规定，如果Ag(T+D)合约在今日收盘时，行情不出现涨(跌)停的情况，交易所将降低Ag(T+D)合约保证金比例，同时减小合约涨(跌)停板幅度，具体内容为：5月16日（周一）日终清算时起，白银Ag（T+D）合约的保证金比例降低3个百分点至15%，5月17日（周二）起， Ag（T+D）合约涨跌停板比例调整为10%。如果今日收盘时，Ag(T+D)合约出现涨(跌)停板的情况，则不执行上述调整。
And for our readers who need a brush-up on their Chinese, Google Translate comes to the rescue:
Silver Ag (T + D) contracts becoming more and more normal market fluctuations. Under the Exchange “deferred settlement trading rules”and “risk control and management measures ” the relevant provisions, if Ag (T + D) contract closed today, the market does not appear up (down) stops the situation, the exchange will reduce the Ag (T + D) contract margin ratio, while reducing the contract was up (down) circuit breakers rate, the specific content: 5 月 16 日 (周一) at the final liquidation, the silver Ag (T + D) reduce the proportion of the contract margin 3 percentage points to 15%, 5 月 17 日 (周二) onwards, Ag (T + D) ratio of the contract price limits adjusted to 10%. If today’s close, Ag (T + D) of contract was up (down) the case of circuit breakers, not to implement the above adjustments.
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