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Core Viewpoint - The article discusses the recent significant drop in silver prices, which fell by 7% to below $88 per ounce, alongside a slight decline in gold prices, which dropped to approximately $4600 per ounce. This volatility is attributed to changes in market conditions and regulatory adjustments in futures trading [2][4]. Group 1: Market Movements - On January 15, silver experienced a sharp decline, with a drop of 7% to a price of $87.956 per ounce, following a previous closing price of $93.136 per ounce [2][3]. - Gold prices also fell, with a decrease of 0.64%, settling at $4597.063 per ounce after reaching a high of $4632.743 per ounce [4]. Group 2: Regulatory Changes - The CME Group announced changes to the margin calculation for futures contracts on precious metals, shifting from a fixed dollar amount to a percentage of the contract's nominal value, aimed at cooling down the rising prices of gold, silver, platinum, and palladium [6]. Group 3: Market Analysis - Analysts from Dongfang Jincheng noted that the rise in silver prices is driven by two main factors: lower-than-expected CPI data in the U.S. and increasing concerns about the independence and stability of the Federal Reserve, leading to a flight to precious metals for safety [6]. - Ping An Securities highlighted that uncertainties from the U.S. government and ongoing debt issues are expected to weaken the dollar's credibility, which may continue to support silver's monetary attributes and demand from the manufacturing sector [6]. - Industrial properties of silver are expected to enhance its price elasticity, especially during economic upturns or periods of loose fiscal and monetary policies, as noted by Industrial Securities [7].