March 17, 2020 / 8:52 AM / 12 days ago

Shanghai Gold Exchange imposes one-day halt on silver trade after huge price drop

BEIJING, March 17 (Reuters) - The Shanghai Gold Exchange (SGE) said on Tuesday it would impose a one-day halt on trading in its Ag (T+D) silver contract on March 18 in line with its risk-control procedures, after wild price fluctuations for three consecutive trading days.

The SGE also said it might raise the trading margin on the silver contract, which fell by 13% on Tuesday, and take other measures to reduce market risk, with details to be announced on Wednesday. (Reporting by Tom Daly and Min Zhang, editing by Louise Heavens)

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