Group 1 - The silver T+D market is currently experiencing a slight downward trend, trading at 9347 yuan/kg, down 0.02% from the opening price of 9351 yuan/kg, with a daily high of 9412 yuan/kg and a low of 9263 yuan/kg, indicating a short-term oscillating trend [1] - The recent trade agreement between the U.S. and Japan may provide the Bank of Japan with the opportunity to raise interest rates this year, although the timing will depend on the economic impact of U.S. tariffs [3] - The U.S. labor market shows resilience, with initial jobless claims falling by 4,000 to 217,000, the lowest level since mid-April, marking the longest consecutive decline since 2022, which supports the Federal Reserve's decision to maintain interest rates [3] Group 2 - The silver T+D market is showing signs of a bullish trend, with resistance levels identified at 9410-9430 and support levels at 9268-9288 [4]