防范春节期间金银价格波动，上金所调整黄金、白银延期合约交易保证金比例等

Core Viewpoint - The Shanghai Gold Exchange has announced measures to control market risks during the 2026 Spring Festival holiday, including adjustments to margin requirements and price limits for gold and silver contracts [2][3]. Group 1: Market Closure and Trading Adjustments - The Shanghai Gold Exchange will be closed from February 14 to February 23, 2026, with no night trading on February 13 [2]. - Trading will resume on February 24, 2026, as usual [2]. Group 2: Margin and Price Limit Adjustments - Starting from the close on February 11, 2026, the margin requirement for various gold contracts will increase from 18% to 21%, and the price fluctuation limit will change from 17% to 20% [2]. - For silver contracts, the margin will rise from 24% to 27%, and the price limit will adjust from 23% to 26% [2]. - The margin for CAu99.99 contracts will increase from 150,000 yuan to 200,000 yuan per contract [2]. Group 3: Risk Management and Investor Guidance - In the event of a one-sided market on February 11, higher margin and price limit standards will be applied if they exceed the announced levels [3]. - Members are advised to enhance risk awareness and prepare emergency risk management plans, encouraging investors to control positions and invest rationally to ensure market stability [3].