The Bank of China has issued a public notice regarding adjustments to the parameters of silver deferred contract business for individuals acting as agents on the Shanghai Gold Exchange.

If a one-sided market situation occurs in the silver deferred contract on February 2, 2026, the margin ratio for the Shanghai Futures Exchange silver deferred contract will be adjusted from 20% to 26%, and the margin ratio for our silver deferred contract customers will be adjusted from 50.80% to 66.04% starting from the close of clearing. The Shanghai Futures Exchange will also adjust the price limit from 19% to 25% from the next trading day onwards. If a one-sided market situation does not occur, the margin levels and price limits for the silver deferred contract will remain unchanged.