Mei Ri Jing Ji Xin Wen·2025-10-21 12:32Core Viewpoint - Recent significant fluctuations in gold and silver prices have prompted financial institutions to tighten regulations on gold trading to protect investors from high leverage risks [3][5]. Group 1: Market Movements - On October 21, international gold and silver prices experienced a sharp decline, with spot gold dropping over 2% and more than $100 from its intraday high, while spot silver fell over 3% [1]. Group 2: Institutional Responses - Everbright Bank announced that starting October 20, it would gradually terminate business relationships with clients who have no positions in the Shanghai Gold Exchange's spot and deferred trading [3]. - Other banks, including Industrial Bank, China Merchants Bank, and China Construction Bank, have also issued warnings regarding the increased market risks associated with precious metals trading [5]. Group 3: Margin Adjustments - The Shanghai Gold Exchange has raised the margin requirements for gold trading contracts, effective from October 20, 2025. The standard margin for certain contracts will increase from 38% to 40%, and for silver contracts from 41% to 43% [8].