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Futures silver futures jumped 1
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Silver futures jumped 1.7% alongside gold, reinforcing precious metals' hedge appeal in uncertain equity markets. Mining stocks are likely to track futures-driven pricing strength. Thus, Bitcoin's early October rally has crypto market participants already talking up the potential of yet another "Uptober." The problem, of course, is that past performance is no guarantee of future performance. There's no rational reason to explain why Bitcoin does so well in the final quarter of the year, and that's what makes me nervous. US stock futures climbed Sunday night as the federal government shutdown entered another week, as Wall Street looked to build on a strong run for equities that pushed major indexes to fresh record highs. Crude oil futures rose 1.1% to $79.20 per barrel, supporting energy sector equities amid speculation of tighter supply from OPEC+. Analysts expect oil-linked stocks to outperform if futures sustain above the $78 level, reinforcing a bullish near-term commodities outlook.