白银，大跌！交易所连续出手

Core Viewpoint - The Shanghai Futures Exchange (SHFE) has implemented new risk control measures for silver futures trading in response to recent market volatility and rising speculative activities in precious metals [1][4]. Group 1: Trading Limits and Margin 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 will be limited to 7,000 contracts [1]. - The margin requirements and price fluctuation limits for silver futures contracts AG2601, AG2602, AG2603, and AG2604 will be adjusted, with the new fluctuation limit set at 16% and the margin for hedging transactions at 17% [2][3]. Group 2: Fee Adjustments - Effective January 9, 2026, the transaction fee for day trading in silver futures AG2604 will be adjusted to 0.025% of the transaction amount, while the fee for tin futures SN2602 will be set at 15 yuan per contract [3]. Group 3: Market Context and Previous Measures - This marks the fourth round of risk control measures implemented by SHFE for silver futures since December of the previous year, aimed at curbing excessive speculation and promoting rational investment [4]. - Since the end of last year, prices for gold and silver have experienced significant increases, followed by substantial fluctuations, with silver prices dropping over 5% as of January 7 [4].