The precious metals market has seen silver react strongly to the non-farm payroll report, with a highest price of $66.50 yesterday, setting a new historical record. The recent explosive rise of silver has attracted considerable media and financial attention, leading to any positive news for precious metals initially reflecting in silver prices. Although gold has safe-haven properties, it is outpaced by silver; however, due to gold's large volume and its price already being at a historical high, it is less sensitive to positive data news.

Silver possesses both safe-haven and industrial properties. The safe-haven attribute is the core factor driving the recent increase in silver prices. The industrial aspect, considering that about half of silver's annual output is used in photovoltaics and electronics, has also provided some support for the rise in silver prices. For example, in the photovoltaic industry, silver is used as a silver paste in the production of solar cells. Countries around the world are committed to transitioning from traditional fuel vehicles to new energy vehicles, which will reduce oil dependence and increase photovoltaic demand. As a necessary material in the photovoltaic industry, the continuous rise in silver prices is also within expectations.