Commodities market update: Silver leads losses
Silver was the biggest decliner among tracked commodities while WTI edged higher and Brent was little changed; prices and signals cited from Finnhub and Reuters, as noted below.
Where prices stand
The SLV ETF, which tracks Silver, fell 4.22% from the prior close to $46.99, the largest move among tracked commodities. The UNG ETF, which tracks Natural Gas, fell 2.63% from the prior close to $9.2500. The GLD ETF, which tracks Gold, fell 1.70% from the prior close to $367.16. The CPER ETF, which tracks Copper, fell 1.59% from the prior close to $39.69. The USO ETF, which tracks WTI Crude Oil, rose 0.09% from the prior close to $166.72. The BNO ETF, which tracks Brent Crude, was little changed from the prior close at $70.14. All prices and moves are from Finnhub as of Oct 29, 18:02 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $367.16 | -1.44% | -1.70% | Oct 29, 18:02 UTC | Finnhub |
| Silver (via SLV ETF) | $46.99 | -6.12% | -4.22% | Oct 29, 18:02 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $166.72 | -4.19% | +0.09% | Oct 29, 18:02 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $70.14 | +6.84% | 0.00% | Oct 29, 18:01 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.2500 | -10.97% | -2.63% | Oct 29, 18:02 UTC | Finnhub |
| Copper (via CPER ETF) | $39.69 | +2.00% | -1.59% | Oct 29, 18:02 UTC | Finnhub |
Trend check
Trend signals show WTI Crude Oil as bullish with RSI(14) 53.4, close 103.37, SMA50 96.61 and longSma 87.62; Brent Crude is neutral with RSI(14) 52.1, close 123.10, SMA50 114.21 and longSma 97.34; Natural Gas is bearish with RSI(14) 42.0, close 2.7600, SMA50 2.9638 and longSma 3.4626, per Finnhub.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 103.37 | 96.61 | 87.62 | 53.4 | bullish |
| Brent Crude | 123.10 | 114.21 | 97.34 | 52.1 | neutral |
| Natural Gas | 2.7600 | 2.9638 | 3.4626 | 42.0 | bearish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 28, 22:40 UTC); it is not a recommendation.
In the news
Reuters reported an exclusive that QatarEnergy buys US and other LNG to hedge future Hormuz disruptions (https://news.google.com/rss/articles/CBMiswFBVV95cUxQT19OLUYzbVNkOXdLUFJnQWJpOHRJaDQ0Y3FyVWs5M1IyLTFIZmRsazhqakFvMlFPNnFTeEM1T0VTTnlHTjJyMjFsblVzMlduWlRNeFI0VjlZVXRwNUZGUTVFeWdTY0tLRzlaRWFKam9uU2lRREVFS0lTLXpQME9jR25LRjF5Z0lnZ2lqbV9ybjZfRlZldDRYXzB6UElVU08zVFduMzhCYjFTb25hWTBtNTA4dw?oc=5).
- EXCLUSIVE: QatarEnergy buys US, other LNG to hedge future Hormuz disruptions — Reuters, Oct 29, 15:39 UTC
Sources and data
- Reuters (secondary source) — EXCLUSIVE: QatarEnergy buys US, other LNG to hedge future Hormuz disruptions
- Finnhub (market data) — market data
- U.S. Energy Information Administration via FRED (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Oct 29, 18:02 UTC; report generated Oct 29, 18:02 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
Brent crude
The international crude oil benchmark, based on a basket of North Sea grades and traded as futures on ICE.
Sources & data
- Reuters (secondary, retrieved Oct 29, 2026, 06:07 PM UTC)
- Finnhub (market-data, retrieved Oct 29, 2026, 06:07 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 29, 2026, 06:07 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 29, 2026, 06:07 PM UTC)
- Federal Reserve (primary, retrieved Oct 29, 2026, 06:07 PM UTC)
Market data as of Oct 29, 2026, 06:02 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
Was this useful?
Report an issue with this article
Related coverage
CNBC downgrades Alphabet after a rough quarter
CNBC reported Oct 29 that its Investing Club Homestretch is downgrading Alphabet following a difficult quarter and offered guidance on where it would buy again.
MarketAlleys Research Desk · · 3 min read
SEC charges two entities in $130 million fraud scheme
The U.S. Securities and Exchange Commission announced charges against two Colorado‑incorporated, foreign‑operated entities in a scheme that involved false SEC filings, the agency said on Oct 29.
MarketAlleys Research Desk · · 3 min read
Indices update: QQQ ETF leads losses as of Oct 29, 19:00 UTC
Market prices are from Finnhub as of Oct 29, 19:00 UTC; QQQ ETF posted the largest intraday decline among tracked indices.
MarketAlleys Research Desk · · 3 min read
Commodities round-up: Silver leads ETF losses
According to Finnhub, the SLV ETF fell 4.10% while energy and metal ETFs showed mixed moves; prices are shown at Oct 29, 19:00 UTC.
MarketAlleys Research Desk · · 2 min read