Today's news includes both the ADP employment report (small non-farm payrolls) and a speech by the new Federal Reserve Chair. Please remember the following times: The ADP report is released at 8:15 PM. Check whether the actual figure exceeds the expected 11-113k. If it does or is higher than last month's, it indicates that employment remains strong, giving the Fed a reason to raise interest rates, which is bearish for gold and silver. Conversely, if it falls short, it reduces expectations of a rate hike, which is bullish for gold and silver. At this point, you can observe the market's initial reaction.

Next, Federal Reserve Chair Kevin Warsh will deliver a speech at 9:30 PM. It is crucial to focus on the tone of his remarks: If he continues to emphasize that "inflation remains elevated" and refuses to give clear forward guidance on rate cuts or hikes, the market will interpret this as hawkish, and gold and silver may face pressure. If he begins to discuss "potential risks in the job market" or "economic cooling," the market will interpret this as dovish, and gold and silver may rebound.

Note that July 4th is U.S. Independence Day, and financial markets will be closed on July 3rd. Therefore, the non-farm payrolls (big non-farm) report will be released one day earlier, i.e., at 8:30 PM on July 2nd. Don't miss this time point.