Group 1 - Silver prices have surged to a 13-year high, while platinum has reached a two-year high, driven by increased demand for industrial precious metals and a strong investment sentiment in the precious metals market [2][3] - The recent price movements are attributed to a combination of supply shortages and strong demand, particularly from India for silver and a recovery in platinum demand from China [3][5] - The gold-silver ratio has surpassed 100, indicating that silver is significantly undervalued relative to gold, which is fueling expectations for a price correction in silver [3] Group 2 - Platinum ETF holdings have increased by over 3% since mid-May, while silver ETF inflows have risen nearly 8% since February, indicating growing investor interest in these assets [4] - JP Morgan's report highlights a supply shortage in platinum, driven by reduced mining output and increased demand for jewelry, suggesting a bullish outlook for platinum prices [5][6] - The potential for platinum's role in the hydrogen economy and its applications in high-end photovoltaic components may further enhance its demand in the future [5]