Group 1 - The core viewpoint indicates that silver futures are experiencing a significant decline, with the main contract dropping by 3.99% to 18,133.00 yuan per kilogram as of the latest report [1] - The iShares Silver Trust, the largest silver ETF globally, has seen a reduction in holdings by 84.6 tons, bringing the total to 16,305.96 tons, reflecting a decrease in investor interest [2] - The Shanghai Futures Exchange's silver futures inventory has decreased to 796,000 contracts, down approximately 100,000 contracts from the previous week, indicating that some funds are exiting the market [2] Group 2 - Analysts from Hengyin Futures suggest that the ongoing peace efforts in the Russia-Ukraine conflict, despite slow progress, are contributing to a market correction due to profit-taking by long positions after previous gains [4] - Tianfeng Futures advises caution in trading at the current high levels of silver, recommending risk management and opportunistic buying, while emphasizing the need to monitor signals from the Federal Reserve's monetary policy and global industrial activity recovery [4]