[note] 18% of the margin raised by the cheese merchants fell in the silver period, which opened lower at the start of the day.

Silver prices opened lower in the outer trading today, COMEX silver futures fell by more than 3 per cent at one point, and spot silver (XAG) fell more than 2 per cent at one point. Silver futures prices, which were frantically pushed up to an eight-year high yesterday, fell back after the Zhi Shang Institute Group announced that it would increase the margin for Comex contracts by about 18%.

The company announced that the margin for each contract would be raised from $14000 to $16500 from February 2, adding that the decision was based on "a normal understanding of market volatility to ensure that contracts are adequately protected."

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