Core Viewpoint - The article discusses the recent movements in the silver market and the impact of U.S. political developments on commodity prices, particularly silver and gold, amid rising government shutdown risks and potential interest rate cuts by the Federal Reserve [1][3]. Market Overview - The U.S. dollar index is trading around 97.74, while spot silver opened at $43.06 per ounce and is currently around $43.13 per ounce. The silver T+D is trading at approximately 10,193 yuan per kilogram, and the main Shanghai silver contract is around 10,250 yuan per kilogram [1]. - Last Friday, the dollar index rose by 0.30% to close at 97.66, while spot silver increased by 3.05% to close at $43.07 per ounce. This surge was attributed to the failure of the Republican funding bill, raising the risk of a government shutdown [1]. Federal Reserve Insights - Federal Reserve officials, including Governor Milan, indicated that further interest rate cuts are likely in the coming months, with a focus on addressing rising unemployment risks. Minneapolis Fed President Kashkari suggested that two more rate cuts this year would be appropriate if the labor market weakens more than expected [3]. Silver Market Analysis - The silver market opened last week at $42.17, experienced a low of $41.10, and reached a high of $43.095 before closing at $43.049. The market showed a long lower shadow hammer candlestick pattern, suggesting potential bullish sentiment [5]. - Current trading strategies include holding long positions with stop-loss orders set at $42.4, targeting levels of $43.1, $43.3, and $43.5 [5]. ETF Holdings - The SLV silver ETF holds 15,205.14 tons, remaining unchanged from the previous trading day [2].