Group 1 - The current trading price of silver is above 8.728, with an opening price of 8.719 and a current price of 8.735, reflecting a 0.24% increase [1] - The highest price reached today is 8.764, while the lowest is 8.695, indicating a short-term bearish trend in silver [1] - The resistance level for silver is identified in the range of 8.749-8.752, while the support level is noted at 8.724-8.703 [4] Group 2 - The UK unemployment rate continues to rise, reaching its highest level since 2021, which may influence the Bank of England's decision to lower interest rates despite ongoing inflation pressures [3] - The total wage growth rate for three months in May is reported at 1.0%, with regular wage growth at 1.1%, marking the lowest levels since mid-2023 [3] - Any potential dismissal of Federal Reserve Chairman Powell by the Trump administration could severely impact the US dollar, with expectations of a more dovish replacement potentially lowering short-term yields [3]

Core Viewpoint - The long-term investment in gold is being questioned, particularly regarding its ability to maintain its inflation-hedging premium in the current economic climate [1] Group 1: Economic Indicators - Powell emphasizes the importance of current data in assessing economic conditions, suggesting that market participants should focus on real-time indicators rather than historical trends [1] - There is skepticism about the lagging effects of tariffs on the economy, which could impact inflation and, consequently, the attractiveness of gold as an investment [1] Group 2: Gold's Investment Appeal - The article raises the question of whether gold can regain its status as a reliable hedge against inflation, given the changing economic landscape and investor sentiment [1]