China is adjusting trading limits for silver and nickel futures, the maximum number of intraday positions for silver has been reduced to 3k lots (prev. 7k) , as of January 20th

China is adjusting trading limits for silver and nickel futures, the maximum number of intraday positions for silver has been reduced to 3k lots (prev. 7k) , as of January 20th.

China's decision to cut the maximum intraday positions for silver futures from 7,000 to 3,000 lots signals a tightening of market access, which could lead to increased volatility and liquidity concerns in the silver market. This adjustment may also put upward pressure on silver prices if traders respond by reducing their positions significantly, affecting the broader commodities market and potentially impacting correlated assets like nickel.