Both domestic and foreign silver fluctuated and declined during the day, mainly due to continued concerns about inflation due to the escalation of the US-Iran geopolitical conflict, and investors were more cautious. Silver's macro drive is consistent with gold, and is more price sensitive. Although the US June CPI and PPI data fell short of expectations and marginally fixed market sentiment, inflation constraints caused by higher oil prices continued, and overall financial sentiment was weak. Furthermore, the silver spot side drive is still weak. If the geographical and strait navigation situation between the US and Iran does not ease significantly, inflationary pressure will continue to suppress the recovery space for a rebound in silver. Afterwards, the market will focus on changes in oil prices and the US retail sales data for June to be released this week.

Both domestic and foreign silver fluctuated and declined during the day, mainly due to continued concerns about inflation due to the escalation of the US-Iran geopolitical conflict, and investors were more cautious. Silver's macro drive is consistent with gold, and is more price sensitive. Although the US June CPI and PPI data fell short of expectations and marginally fixed market sentiment, inflation constraints caused by higher oil prices continued, and overall financial sentiment was weak. Furthermore, the silver spot side drive is still weak. If the geographical and strait navigation situation between the US and Iran does not ease significantly, inflationary pressure will continue to suppress the recovery space for a rebound in silver. Afterwards, the market will focus on changes in oil prices and the US retail sales data for June to be released this week.