On the 25th, after the end of silver TD trading, the market atmosphere was slightly different. The originally calm market gradually began to sell. From 9: 00, 10, silver TD fell in an avalanche, which quickly induced silver TD long stop loss, and the market was out of control.

In fact, in less than 15 minutes, silver TD plummeted by 737 points, with a decrease of 1 1.8%, with a minimum of 5,500 yuan, close to 12%. The turnover exceeded 300,000 lots within 60 minutes of opening.

Previously, according to the announcement of the Shanghai Stock Exchange. Adjust the margin ratio of silver deferred contract trading from the liquidation on Monday of 20 12 and 12. The margin ratio of Ag(T+D) contract is adjusted from 15% to 17%, and the limit of price limit remains unchanged at 12%. According to the above method, the plunge is not enough to make the customer explode.

In addition, silver TD is not settled in real time, and the bank will notify the supplementary deposit after settlement at 3 pm every day. Therefore, the intraday profit and loss does not affect the customer's position and margin. Long retail investors will basically not explode.

After the opening in the morning on 26th, the silver TD rose slightly when the external market was warmer, and the previous day's plunge would not affect investors who locked their positions and did not set a stop loss.

Although due to the variety characteristics, yesterday's market will not affect most investors. But the short-term violent fluctuation itself shows the irrational behavior of the market. This is noteworthy in itself.

At that time, there were about 10 minutes after the opening, and then it was pulled back. After 22 o'clock, the total position is about 40 thousand less than that at the opening. This plunge may be to lure the air and smooth many orders.