Commodities update: SLV ETF falls 6.00% in Oct 14 session

Where prices stand

Silver led the session: the SLV ETF, which tracks Silver, fell 6.00% from the prior close to $50.28. The GLD ETF, which tracks Gold, fell 1.67% from the prior close to $375.30; the CPER ETF, which tracks Copper, fell 1.56% from the prior close to $39.82. The UNG ETF, which tracks Natural Gas, fell 3.51% from the prior close to $11.01; the USO ETF, which tracks WTI Crude Oil, rose 0.27% from the prior close to $153.51; the BNO ETF, which tracks Brent Crude, was little changed from the prior close at $65.11. Prices are per Finnhub and shown as of Oct 14, 18:30 UTC.

Trend check

Finnhub lists WTI Crude Oil as neutral with RSI(14) 51.3; its close is 96.24, its 50-day SMA is 90.67 and its long SMA is 84.25. Finnhub lists Brent Crude as neutral with RSI(14) 58.7; its close is 125.44, its 50-day SMA is 104.01 and its long SMA is 92.72. Finnhub lists Natural Gas as neutral with RSI(14) 53.5; its close is 3.0300, its 50-day SMA is 2.8560 and its long SMA is 3.4950.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 13, 22:40 UTC); it is not a recommendation.

In the news

Reuters reported “US consumer prices accelerate in September on costlier gasoline; core CPI firmer.” Reuters also reported “Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit.” CoinDesk published “Crypto Long & Short: Why gold and bitcoin belong in the same portfolio,” and Cointelegraph reported “Bitcoin price dips below $82K as high oil prices spike US CPI inflation.”

• US consumer prices accelerate in September on costlier gasoline; core CPI firmer — Reuters, Oct 14, 13:12 UTC
• Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit — Reuters, Oct 14, 15:09 UTC
• Crypto Long & Short: Why gold and bitcoin belong in the same portfolio — CoinDesk, Oct 14, 15:05 UTC
• Bitcoin price dips below $82K as high oil prices spike US CPI inflation — Cointelegraph, Oct 14, 14:21 UTC

What to watch

Retail sales (Census) is scheduled Thu Oct 15 (time not confirmed), according to fred.

• Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)

Sources and data

• Reuters (secondary source) — US consumer prices accelerate in September on costlier gasoline; core CPI firmer
• CoinDesk (secondary source) — Crypto Long & Short: Why gold and bitcoin belong in the same portfolio
• Cointelegraph (secondary source) — Bitcoin price dips below $82K as high oil prices spike US CPI inflation
• Finnhub (market data) — market data
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar

Market data as of Oct 14, 18:30 UTC; report generated Oct 14, 18:40 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.