Group 1 - The core viewpoint indicates that silver prices are experiencing a downward trend, currently trading below 22,443 yuan per kilogram, with a decline of 0.94% from the opening price of 23,493 yuan per kilogram [1] - The US dollar index is hovering near a one-week high, making silver more expensive for investors holding other currencies, which directly suppresses overseas buying demand [2] - The ISM report shows that the US non-manufacturing PMI remained steady at 53.8 in January, with rising input costs raising concerns about potential inflation in the service sector, providing temporary support for the dollar [2] Group 2 - The silver market has shown volatility, with prices recovering some losses but currently experiencing a decline of over 2%, indicating ongoing bearish risks [3] - Key support levels for silver are identified between 20,500 and 21,500, while resistance levels are noted between 23,500 and 24,500 [3] - The one-hour MACD is approaching zero, indicating a potential shift in trend, while the RSI remains neutral, suggesting that the bearish trend is still present [3]

Group 1 - The core viewpoint of the article highlights that despite stronger-than-expected U.S. employment data, investors are seeking safe-haven assets, leading to a rise in gold prices [1] - Gold prices increased by over 1% during the day, briefly surpassing the $3990 mark, but ultimately closed at $3979.05 per ounce, up 1.19% [1] - Concerns over oversupply in the oil market led to a decline in crude oil prices, with WTI crude falling 1.28% to $59.48 per barrel and Brent crude down 1.27% to $63.32 per barrel [1] Group 2 - The U.S. ADP employment report for October showed an increase of 42,000 jobs, marking the largest gain since July 2025 and exceeding market expectations of 28,000 jobs [1] - The ISM non-manufacturing PMI for October recorded a value of 52.4, the highest since February 2025 [1] - Federal Reserve Governor Milan stated that continuing interest rate cuts remain a reasonable approach, indicating ongoing trends in the employment market prior to the government shutdown [1]