Very correct, in the long term, it still depends on supply and demand: gold has always been oversupplied, and the main driver of this recent increase is the expectation of dollar depreciation leading central banks around the world to stockpile. Silver has been in a supply deficit in recent years, driven by growth in photovoltaics, new energy vehicles, and other sectors. Copper has been in a supply deficit for several years, and the gap is widening, with increased demand from new energy, power grids, and AI. Based on consumption volume and supply-demand relationships, the outlook for copper prices is more optimistic.