THE Shanghai Futures Exchange yesterday released a draft plan for its proposed silver contracts to solicit public opinion.

The plan sets a daily price moving limit of 5 percent and margins at 7 percent for contracts of the metal, with a lot size of 15 kilograms.

The Shanghai bourse is seeking to expand its portfolio to provide more hedge tools to industry players. Silver can be used for photography, in jewelry, for coins and medals as well as in electronics products and solar panels and for other industrial uses.

It didn't say when the silver futures will start trading.

Source:shanghaidaily