Group 1 - International silver is currently trading below $84.50, with a recent opening at $88.14 per ounce and a current price of $82.53, reflecting a decline of 6.40% [1] - The highest price reached today was $90.41, while the lowest was $80.49, indicating a bearish short-term trend for silver [1] - If silver prices break above $90.00, the next key resistance level will be $95.00, followed by $100.00, with potential to reach the January 30 high of $118.47, close to the historical peak of $121.66 [2] Group 2 - If silver falls below $85.00, the first support level will be $84.00, followed by the February 4 low of $83.28, with further declines exposing the 50-day simple moving average at $77.01 [2] - A drop below $83.00 could lead silver prices to retreat towards the support levels of $78.00 to $79.00 [2] Group 3 - Cook emphasized the importance of maintaining the Federal Reserve's credibility in controlling inflation, especially after nearly five years of inflation above target levels [1] - The Federal Reserve's recent decision to maintain the benchmark interest rate in the range of 3.5% to 3.75% aligns with Cook's cautious outlook, as she believes the risks are skewed towards higher inflation [1] - Other policymakers share this cautious perspective, with indications of three consecutive rate cuts by the end of 2025, while the Fed has raised its assessments of the economy and labor market, suggesting no need for further rate cuts at this time [1]

Core Viewpoint - The Federal Reserve, represented by Kashkari, acknowledges positive inflation data but emphasizes the need for further clarity on how tariffs will impact prices before making significant policy adjustments [1] Group 1 - Recent inflation data over the past two to three months has been described as "quite positive," indicating that the anti-inflation path is on track [1] - The Federal Reserve has not yet seen the full impact of tariffs, leading to a cautious approach in understanding the situation before altering policy outlooks [1] - Some Federal Reserve officials support the possibility of interest rate cuts as early as July, but Chairman Powell indicates a reluctance to rush into cuts while awaiting economic responses to new policies, including tariffs [1]