金属品种波动较大，上期所连发多条通知

Core Viewpoint - The Shanghai Futures Exchange has announced several adjustments to silver futures trading regulations in response to recent market volatility and international uncertainties, aiming to enhance risk management and maintain market stability [1][3][5]. Group 1: Trading Limits and Regulations - The Shanghai Futures Exchange has set a maximum daily opening position limit of 7,000 contracts for non-futures company members and certain foreign participants in silver futures trading, effective from January 9, 2026 [3]. - Hedging and market-making transactions are exempt from the new opening position limits [3]. Group 2: Margin and Price Fluctuation Adjustments - Starting from the close of trading on January 9, 2026, the price fluctuation limits for silver futures contracts AG2601, AG2602, AG2603, and AG2604 will be adjusted to 16%, with the margin requirements for hedging set at 17% and for general positions at 18% [5][6]. - The trading fees for silver futures AG2604 will be adjusted to 0.025% of the transaction amount for intra-day closing positions, while the fee for tin futures SN2602 will be set at 15 yuan per contract [6].