Group 1 - The international gold price has reached a historical high of $3749.27 per ounce, while silver prices have also risen for the third consecutive trading day, nearing $44 per ounce, marking a 14-year high [1][2] - The recent surge in precious metal prices is primarily driven by rising expectations of a shift in major central banks' monetary policies, with investors anticipating a more accommodative monetary environment [2] - The significant increase in gold exchange-traded fund (ETF) holdings indicates enhanced institutional allocation interest, with last Friday's single-day increase marking the highest in over three years [2] Group 2 - The silver market is performing strongly, with London spot silver prices hovering around $44 per ounce, the highest level since August 2011, and a year-to-date increase exceeding 40% [3] - In the domestic market, the Shanghai Futures Exchange's main silver contract price has surpassed 10,000 yuan per kilogram, reaching a nearly 13-year high, with a year-to-date increase of over 30% [3] - Silver prices are more elastic compared to gold, supported by active bullish options trading amid expectations of interest rate cuts, with the trading volume of the iShares Silver Trust options reaching a peak since April 2024 [3]