The pricing of precious metals not only depends on supply and demand, but is also closely related to the macroeconomic environment. This article analyzes the long-term drivers of gold and silver prices from the economic chain of real interest rates, monetary policy, inflation expectations and US dollar trends, and discusses the low correlation and hedging role of precious metals in asset allocation. It analyzes the differentiated performance of gold's financial attributes and silver's industrial attributes in different cycles. It explains the consideration dimensions of allocation ratios, batch participation and rebalancing, and how stop-loss, stop-profit and position management turn allocation ideas into executable operations.