纸白银看反弹延续 美劳动力市场正在冷却

Core Viewpoint - The article highlights the current trends in the silver market and the cooling labor market in the U.S., indicating potential implications for monetary policy and investment strategies in precious metals [1]. Group 1: Silver Market Analysis - As of January 9, paper silver is trading above 17.157, with an opening price of 17.236 CNY per gram, reflecting a 1.39% increase [1]. - The highest price reached 17.246 CNY per gram, while the lowest was 17.271 CNY per gram, suggesting a short-term bullish trend in paper silver [1]. - The price movement indicates a potential for further upward momentum, with support levels identified between 16.00 and 17.30, and resistance levels between 17.50 and 18.00 [1]. Group 2: U.S. Labor Market Indicators - Recent indicators show a cooling labor market in the U.S., with initial jobless claims rising to 208,000, and continuing claims increasing significantly to 1.914 million, indicating structural weakness [1]. - Job openings in November fell more than expected, and private sector job growth was below forecasts, reflecting a challenging employment landscape [1]. - The number of announced layoffs in 2025 surged by 58%, reaching a five-year high, particularly in the federal government and technology sectors, attributed to AI integration and cost-cutting measures [1]. Group 3: Economic Productivity and Federal Reserve Outlook - Third-quarter labor productivity growth reached a two-year high, suggesting that companies are achieving more output through existing employees, characteristic of a "jobless economic expansion" [1]. - The Federal Reserve faces a balancing act between weakening employment and persistently high inflation, with limited likelihood of significant rate cuts in the short term, although long-term easing expectations remain [1].