Group 1 - International silver is currently trading below $49.72, having opened at $50.68 and reaching a high of $50.84 and a low of $49.38, indicating a short-term sideways trend [1] - The recent non-farm payroll report from the U.S. Labor Department shows that average hourly earnings in the private sector rose by 0.2% month-over-month in September, a slowdown compared to the 0.3% increases in August and July, suggesting wage growth is below post-pandemic inflation levels [3] - The White House Press Secretary stated that the strong non-farm report demonstrates significant progress under President Trump's agenda, contrasting with wage declines attributed to the Democratic administration [3] Group 2 - International silver experienced volatility, rising to $52.5 earlier in the week before retreating to $49.5, indicating a potential trading range between $49.5 and $52.5, with opportunities for bullish positions if it falls to $49.5 [4] - The analysis suggests that the current trading pattern for silver indicates a period of consolidation, with resistance levels at $51 and $52.5, encouraging patience for potential rebounds [4]

Core Viewpoint - The Eurozone retail sector is expected to face a challenging year due to trade uncertainties and slowing wage growth, leading to decreased consumer spending [1] Group 1: Economic Indicators - Eurozone retail trade declined by 0.1% in March [1] - Consumer confidence is decreasing, potentially due to economic uncertainties stemming from Washington's tariff policies [1] Group 2: Future Outlook - Lower interest rates are anticipated to boost consumption this year, but this effect will be partially offset by a slowdown in real income growth [1]