Week in Data: Metals Slide, Oil Swings, Bitcoin Gives Back Its Peak

The short version: It was a week for metals to lose ground. In our daily close history, silver dropped roughly 8% and gold roughly 4.5% over the last five trading sessions. Oil ended higher on the week but closed with its sharpest daily drop of our board. Bitcoin drifted lower from a peak, and US tech barely moved on the last day.

A note on method before the numbers. We only have a stored daily history for four of the eight markets this column covers: Bitcoin, gold futures, silver futures and Brent. For those, we compare closes one week apart. For Ether and the Nasdaq 100 we only have the latest daily change, dated 29 September. For the US dollar index and the US 10-year yield, our market file has no data this week, so we say nothing about them rather than guess.

What moved

Silver. From 65.93 on 22 September to 60.67 on 29 September: −7.98%. The 29 September close is also the lowest in our history file, which starts on 10 August.

Gold. Gold futures went from 4,376.40 to 4,179.70 over the same sessions: −4.49%. The 28 September close of 4,168.40 is the lowest in our file. Gold did bounce on the last day: the spot-linked price in our board rose +1.36% on 29 September.

Brent. Up +3.37% on the week (99.25 to 102.59), but it was not a smooth ride. The last session alone was −2.56%, and WTI fell −3.48% the same day.

Bitcoin. Our Yahoo series shows 86,602.91 on 21 September, the highest close in our 36-day window, and 83,502.61 on 28 September: −3.58% over seven days. On 29 September our exchange feed put Bitcoin at 83,663.66, +0.2% on the day.

What didn't

Nasdaq 100: +0.21% on 29 September, closing at 30,339.33. We lack a weekly figure here.

Ether: −0.4% on 29 September, at 2,677.98. Again, one day only.

Dollar index and US 10-year: no data in our file this week. Silence is the honest answer.

### What our data shows - Two of the four markets with weekly history (silver and gold) closed the week at the lowest levels in our stored window. - Silver fell almost twice as far as gold over the same five sessions (−7.98% vs −4.49%). - Bitcoin is 3.6% below the top of its 36-day range, not at a new low: its lowest close in the window, 75,612.51, was on 15 September. - Brent's weekly gain and its sharp last-day drop came from the same week. A single daily change would have told the opposite story.

Why it matters

The simplest takeaway is about time frames. On 29 September alone, gold was up and oil was down. Over the week, gold was down and oil was up. Both statements are true; neither is a forecast. Readers who look only at one day's arrow will often see the reverse of the weekly picture.

We will add the dollar and yield series back to this column as soon as our market file carries them again.