Group 1 - International gold prices rebounded, reaching $4832.08 per ounce with a daily increase of 1.16% and a year-to-date rise of 11.91% [1] - Silver prices experienced significant volatility, initially dropping to $64.035 per ounce, a new low for 2026, before rebounding to $71.967 per ounce, marking a daily increase of 1.50% and a year-to-date increase of 0.54% [1] - The recent "V-shaped" rebound in precious metal prices is attributed to multiple factors, including rising geopolitical risks, easing expectations regarding Federal Reserve policies, and technical short-covering by investors [1] Group 2 - Silver's one-month implied volatility has surpassed 100%, marking the most extreme level since 1980, driven by speculative trading rather than industrial demand [2] - The Shanghai Futures Exchange reported that silver futures have reached an implied volatility of 117.40%, with extreme price movements observed, including daily fluctuations exceeding 30% [4] - Market analysts predict that despite current volatility, structural support for precious metals remains, with forecasts suggesting an average gold price of $6000 per ounce and silver at approximately $105 per ounce for the year [4]