Group 1 - The international silver price rose to $37.89 per ounce, an increase of $0.20 or 0.52%, amid new tariffs imposed by the U.S. on 17 countries, adding uncertainty to global trade prospects [1] - The latest data from the Commodity Futures Trading Commission (CFTC) shows that as of July 16, silver ETF holdings decreased by 36.73 tons to 14,819.29 tons [1][2] - The U.S. has announced reciprocal tariffs on major trading partners, including the EU, Japan, Canada, Mexico, and South Korea, due to the failure to reach an agreement during a 90-day tariff truce [2] Group 2 - The U.S. inflation rate surged to 2.7% as a result of rising import prices, raising questions about the Federal Reserve's potential interest rate cuts in September [3] - Market experts warn that the current price pressures only reflect the initial impact of tariffs on certain industries, with the full effects of the tariffs yet to be seen [3] - The international silver market experienced fluctuations, with a recent support level identified between $37.30 and $37.50, and a potential drop below $37.30 could lead to testing lower support levels [4]