Core Viewpoint - The recent U.S. non-farm employment report for October and November met market expectations, causing significant fluctuations in the U.S. dollar index and silver market [1][2]. Group 1: U.S. Dollar Index Reaction - Following the release of the non-farm employment report, the U.S. dollar index initially dropped but rebounded within 20 minutes, reaching a peak of 98.17 points, indicating a market interpretation of "bad news is good news" [3][9]. - The dollar index continued to rise during the Asian to European trading session, hitting a high of 98.43 points, reinforcing the notion that negative news may have been fully priced in [3][9]. Group 2: Silver Market Dynamics - Silver reacted strongly to the non-farm employment report, reaching a record high of $66.50, driven by a surge in media and investor interest [3][9]. - The dual nature of silver as both a safe-haven asset and an industrial metal has contributed to its price increase, with approximately half of its annual production used in photovoltaic and electronic applications [4][10]. - The transition from traditional fuel vehicles to electric vehicles is expected to increase demand for silver in the photovoltaic sector, further supporting its price [4][10]. Group 3: Silver Price Trends - The long-term trend for silver is bullish, with few significant pullbacks observed. The latest price of $65.88 suggests that the next potential mid-term high could be around $70 [7][13]. - Historical price points indicate that $54.44 is a mid-term high and $45.52 is a mid-term low, with the market currently seeking new highs following the recent record [7][13].