The Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL), a subsidiary of the Multi Commodity Exchange of India Ltd, has announced a 2% additional margin on near-month silver futures contracts, effective from the end of trading on Friday.

The move applies to silver futures expiring on December 5, as well as silver mini and micro contracts maturing on November 28.

The decision comes in response to the recent surge in silver prices, prompting the exchange to bolster its risk management framework. Earlier this week, MCX had raised the initial margin on all silver contract variants by 150 basis points to 11.5%.

Additionally, MCXCCL has advised members to maintain adequate margins in their Clearing Member accounts to ensure seamless trading during the upcoming settlement holidays on Oc

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