Commodities update: Silver leads losses on Thursday
SLV ETF fell 3.38% from the prior close as other commodity ETFs slipped; Finnhub trend signals show mixed momentum and Reuters and Yahoo ran headlines on LNG and a tech bid.
Where prices stand
As of Oct 29, 16:01 UTC, Silver's SLV ETF fell 3.38% from the prior close to $47.40, the biggest move among tracked commodities per Finnhub. The GLD ETF fell 1.35% from the prior close to $368.47. The USO ETF fell 0.86% from the prior close to $165.14, and the CPER ETF fell 1.36% from the prior close to $39.78. The UNG ETF fell 2.21% from the prior close to $9.2900. Brent's BNO ETF fell 0.66% from the prior close to $69.68; its quote was as of Oct 29, 15:59 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $368.47 | -1.44% | -1.35% | Oct 29, 16:01 UTC | Finnhub |
| Silver (via SLV ETF) | $47.40 | -6.12% | -3.38% | Oct 29, 16:01 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $165.14 | -4.19% | -0.86% | Oct 29, 16:01 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $69.68 | +6.84% | -0.66% | Oct 29, 15:59 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.2900 | -10.97% | -2.21% | Oct 29, 16:01 UTC | Finnhub |
| Copper (via CPER ETF) | $39.78 | +2.00% | -1.36% | Oct 29, 16:01 UTC | Finnhub |
Trend check
Finnhub trend signals show WTI Crude Oil is bullish with RSI(14) 53.4 and last close 103.37 above the 50-day 96.61 and the long average 87.62; Brent Crude is neutral with RSI(14) 52.1 and last close 123.10 versus the 50-day 114.21 and long 97.34; Natural Gas is bearish with RSI(14) 42.0 and last close 2.7600 below the 50-day 2.9638 and the long 3.4626.
| 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. Yahoo published an article saying bond yields and crude prices lift European bourses midday ahead of the ECB rate decision. Yahoo also ran a piece framing Marvell’s Lumentum bid as a bet that light, not copper, wins the AI data center.
- EXCLUSIVE: QatarEnergy buys US, other LNG to hedge future Hormuz disruptions — Reuters, Oct 29, 14:18 UTC
- Bond Yields, Crude Prices Lift European Bourses Midday Ahead of ECB Rate Decision — Yahoo, Oct 29, 11:50 UTC
- Marvell’s Lumentum Bid Is a Bet That Light, Not Copper, Wins the AI Data Center — Yahoo, Oct 29, 11:02 UTC
Sources and data
- Reuters (secondary source) — EXCLUSIVE: QatarEnergy buys US, other LNG to hedge future Hormuz disruptions
- Yahoo (secondary source) — Bond Yields, Crude Prices Lift European Bourses Midday Ahead of ECB Rate Decision
- 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, 16:01 UTC; report generated Oct 29, 16:01 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
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
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, 04:05 PM UTC)
- Yahoo (secondary, retrieved Oct 29, 2026, 04:05 PM UTC)
- Finnhub (market-data, retrieved Oct 29, 2026, 04:05 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 29, 2026, 04:05 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 29, 2026, 04:05 PM UTC)
- Federal Reserve (primary, retrieved Oct 29, 2026, 04:05 PM UTC)
Market data as of Oct 29, 2026, 04:01 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.
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