Group 1 - International silver is currently trading above $77.98, with an opening price of $81.33 per ounce and a current price of $79.68, reflecting a 0.71% increase. The highest price reached was $83.62, while the lowest was $76.14, indicating a short-term bullish trend in the silver market [1] - Since hitting a low of $48.64 on November 21, silver has accumulated an increase of over $28.67. Speculators appear to be aiming to challenge a target price of $100 or higher by 2026, driven by strong upward momentum [4] - In the past 24 trading days since the low on November 21, there have only been 5 days of declines. The recent technical support is at the 50% retracement level of $69.50, with the current market price exceeding the 50-day moving average by $21.96 [4] Group 2 - As long as silver prices remain above the accumulation range of $30-$50, the broader bullish outlook will remain intact. Today's support levels are at $74.5-$75 and the 5 and 10-day moving averages, while resistance levels are at $79.5-$80 and $81.5 and $84 [4]

Core Viewpoint - The report from Huatai Securities indicates that the increasing fragmentation of the global financial and trade systems is driving a long-term demand for diversification of foreign exchange reserves, which is expected to support rising gold prices [1] Group 1: Gold Market Insights - As of June 2025, gold is projected to account for approximately 21.4% of reserve assets [1] - If the proportion of gold in central bank reserves returns to the historical median level of 34%, global central banks may continue to increase their gold holdings until 2035 [1] - The anticipated decline in real interest rates in the U.S. by 2026, coupled with a weakening dollar, is expected to further boost gold prices [1] Group 2: Price Projections - Gold prices are expected to rise to over $4,800 per ounce by 2026 [1] - The economic recovery phase characterized by monetary easing is likely to trigger a convergence in the gold-silver ratio, with silver prices potentially outperforming gold in 2026 [1]