Ahead of Friday’s U.S. jobs report, early Monday price readings showed silver above $50 per troy ounce and the December 2026 West Texas Intermediate (WTI) crude contract below its previous settlement.
Farmbucks’ delayed display for the New York Mercantile Exchange contract put WTI at $100.19 a barrel at 3:17 a.m. ET (08:17 UTC). That was $3.93, or 3.77%, below its previous settlement of $104.12.
At 3:06 a.m. ET (08:06 UTC), StackerScan’s stored price table listed spot silver at $50.33 per troy ounce. The table recorded a sampled low of $48.89 on Oct. 30, when silver fell below $51. StackerScan’s timestamp marks a snapshot update, rather than an exchange quote. The separate readings offer no explanation for silver’s move.
The Federal Reserve’s July report linked earlier oil and gasoline price increases to conflict in the Middle East and shipping disruptions around the Strait of Hormuz. It also said changes in food and energy costs weigh especially heavily on lower-income households. In September, the Bureau of Labor Statistics (BLS) measured a 9.1% increase in its gasoline index from August; consumer prices were 3.7% higher than a year earlier.
The Fed held its federal funds target range at 3.75%–4% on Oct. 28. Two members instead voted for a 0.25 percentage-point increase. BLS is scheduled to release its October employment report Nov. 6 at 8:30 a.m. ET, before the Fed’s next meeting Dec. 8-9.
