[SMM Weekly Silver Market Review] Macro side, the US core CPI for June released this week was in line with expectations, and the mild inflation data once boosted the synchronous rise of US stocks and bonds. Driven by the delayed expectations for US Fed interest rate cut, the US dollar index continued to rebound. US Treasury Secretary Bessent said in an interview with Bloomberg TV on July 15 local time that the deadline for the US-China tariff truce, originally scheduled for next month, was flexible, and market participants did not need to worry about the deadline. The current negotiations between China and the US were "in a good state," and it was expected that both sides would hold talks in the coming weeks. Short-term market profit-taking sentiment led to a slight correction in gold and silver prices. It is recommended to focus on the progress of US-China tariff negotiations and other economic data clues in the future.