OANDA Japan announced sweeping restrictions on silver trading effective this week, slashing maximum leverage from 20:1 to 5:1 and cutting position limits by 75% as extreme volatility continues to roil precious metals markets. The broker will increase margin requirements for silver (XAG/USD) from 5% to 20% starting February 2, according to a notice sent to clients. Maximum order sizes drop immediately from 50,000 units (10 lots) to 25,000 units (5 lots), while maximum open positions fall from 100,000 units to 25,000 units. The higher margin requirements will affect both existing positions and new trades. OANDA Japan ... (full story)