New York silver futures narrowed their gains to 1.00% on the day, currently trading at $71.96 per ounce.

Domestic News 1. Li Qiang issued important instructions on the national spring agricultural production work, emphasizing the need to ensure a stable and secure supply of grain and other important agricultural products at a high level. 2. The draft Financial Law is open for public comment. 3. The Ministry of Commerce released 16 measures to promote the export of travel services and expand inbound consumption. 4. Tesla plans to purchase Chinese photovoltaic equipment? The company responds: This is indeed the case. 5. The People's Bank of China and the State Administration of Foreign Exchange issued the "Administrative Measures for Overseas Lending by Domestic Enterprises". 6. The People's Bank of China and the State Administration of Foreign Exchange: The macro-prudential adjustment coefficient for overseas lending by domestic enterprises will be raised from 0.5 to 0.6, increasing the overall upper limit for overseas lending balances. 7. The Ministry of Commerce responded to the so-called "economic security review" remarks by Mexican officials: Opposing the politicization of economic and trade issues. 8. The Shanghai Stock Exchange accepted the IPO application of Unitree Technology Co., Ltd. for the Science and Technology Innovation Board. International News 1. Traders expect a 50% probability of a Fed rate hike before the end of October, with a possible rate hike in December. 2. Federal Reserve Governor Bowman stated that he still expects three interest rate cuts in 2026. 3. Indian media: Iran may allow more Indian ships to pass through the Strait of Hormuz. 4. International Energy Agency: Restoring oil and gas supplies from the Gulf region could take six months. 5. The United States is deploying three warships and thousands of troops to the Middle East. 6. The Houthi rebels in Yemen claim they may block the Bab el-Mandeb Strait. 7. A spokesman for the Iranian Islamic Revolutionary Guard Corps was killed in an attack. 8. Trump is considering risking the capture of Kharg Island to force Iran to reopen the straits.

WTI crude oil futures extended gains to 1.00% on the day, currently trading at $96.51 per barrel.