Group 1 - The silver futures market is currently experiencing a slight decline, trading at 22,615 CNY/kg, down 0.69% from the opening price of 22,980 CNY/kg, with a trading range between 22,007 CNY/kg and 23,123 CNY/kg [1] - The Philadelphia Fed's manufacturing index rose to 12.6 in January, marking the highest level since September of the previous year, indicating unexpected expansion in manufacturing activity [2] - Over 23% of surveyed firms reported an increase in activity, while approximately 11% reported a decrease, suggesting a mixed outlook for the manufacturing sector [2] Group 2 - New orders and shipments have significantly increased, contributing to the overall growth in manufacturing activity, although the employment index showed a decline [2] - The inventory index has dropped to its lowest level since July 2024, indicating potential supply chain constraints [2] - Despite a slight slowdown in price increases, the overall price index remains well above long-term averages, reflecting ongoing inflationary pressures in the manufacturing sector [2]