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Group 1 - The core viewpoint of the article highlights a significant drop in spot silver prices, which fell by 7% to below $88 per ounce on January 15 [2] - Spot gold also experienced a decline, breaking below $4600, with a decrease of 0.6% [4] - The Chicago Mercantile Exchange (CME Group) announced changes to margin requirements for gold, silver, platinum, and palladium futures contracts, shifting from a fixed dollar amount to a percentage of the contract's nominal value [5] Group 2 - Factors driving the rise in silver prices include lower-than-expected CPI data in the U.S. for December 2025, increasing market bets on a potential interest rate cut by the Federal Reserve in March [5] - Concerns regarding the independence and policy stability of the Federal Reserve, alongside U.S. government uncertainties, have led to increased investment in precious metals as a safe haven [5] - The long-term supply constraints in silver and the potential demand from the reconstruction of overseas manufacturing are expected to support the fundamental supply-demand dynamics positively [5][6]