白银供应短缺伴随强劲投资需求，银价或仍将保持坚挺

Group 1 - The international precious metals futures experienced a general increase, with COMEX gold futures rising by 1.53% to $5107.80 per ounce and COMEX silver futures increasing by 4.60% to $84.08 per ounce [1] - Analysts attribute the rise in silver prices to expectations of supply shortages and strong investment demand, alongside delayed expectations for Federal Reserve interest rate cuts and inflation concerns enhancing the anti-inflation properties of precious metals [1] - The U.S. labor market showed strength with a non-farm payroll increase of 130,000 in January, significantly exceeding the market expectation of 70,000, and the unemployment rate fell to 4.3%, the lowest since August 2025 [1] Group 2 - The Kansas City Fed President indicated that inflation remains above target levels, suggesting a need to maintain a "slightly restrictive" interest rate stance, leading traders to push back their bets on Fed rate cuts from June to July [1] - Recent market behavior showed a notable inverse volatility in the gold and silver markets, with individual investors strongly buying during price declines; data from "Vanda Research" indicated a net inflow of approximately $4.3 billion into silver tracking index funds over just six trading days [1] - The World Silver Association forecasts that global silver demand will remain stable in 2026, with total supply expected to grow by 1.5% to 1.05 billion ounces, marking a ten-year high, yet the silver market is projected to experience structural shortages for the sixth consecutive year [4]