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Macro

Night Session Futures Open: Shanghai Silver Falls Nearly 3%, Crude Oil Jumps Over 9%

In the night session open, Shanghai silver fell nearly 3%, while Shanghai tin, Shanghai gold and glass dropped more than 2%. Shanghai zinc and soda ash declined nearly 2%, and rapeseed meal and international copper slipped over 1%. Crude oil surged more than 9%, fuel oil rose nearly 2%, and asphalt and LPG gained over 1%.

Original source

AI take

The night session's split is the story: crude's jump over 9% sits alongside a broad precious- and industrial-metals selloff, with silver, gold, tin and copper all lower. That divergence points to an energy-specific catalyst rather than a single macro signal, since a growth shock would typically drag oil down with metals. Whether crude's move holds into the next session, and whether metals keep sliding independently, is the open question.

Generated by AI for reference only.

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