事关白银！上海期货交易所，连发多条公告

Core Viewpoint - The Shanghai Futures Exchange (SHFE) has issued multiple announcements regarding risk warnings and adjustments to trading limits for silver futures due to recent volatility in the international market [1][2]. Group 1: Trading Limit Adjustments - Starting from January 9, 2026, the maximum number of contracts for day trading in silver futures for non-futures company members and certain foreign participants is set at 7,000 contracts per day [4]. - Hedging and market-making transactions are exempt from this limit [4]. Group 2: Margin and Price Limit Adjustments - Effective from the close of trading on January 9, 2026, the price limit for silver futures contracts AG2601, AG2602, AG2603, and AG2604 is adjusted to 16%, with margin requirements set at 17% for hedging positions and 18% for general positions [6]. Group 3: Transaction Fee Changes - From January 9, 2026, the transaction fee for day trading the silver futures contract AG2604 is adjusted to 0.25% of the transaction amount, while the fee for tin futures contract SN2602 is set at 15 yuan per contract [9]. Group 4: Regulatory Measures - On January 7, 2026, the SHFE announced regulatory measures against certain clients whose trading volumes exceeded limits, resulting in restrictions on their opening positions [11]. - In December 2025, the SHFE processed 73 cases of abnormal trading behavior, including 43 cases of excessive self-dealing and 28 cases of frequent order cancellations [11].