New York silver futures plunged 6.00% intraday to $55.95/oz.

Franklin Templeton Research Institute chief investment strategist Schultz said supply shocks — Middle East oil disruptions, AI-related electronics shortages and tariff-driven supply effects — have pushed up inflation, though some of these risks should ease into 2027. He expects September core inflation indicators to generally cool. Schultz added that second-round pass-through from energy to other categories is unlikely to appear in September CPI and will probably surface around year-end; labour-market driven demand inflation currently shows no clear signs of pressure. He judges the Fed is most likely to leave rates unchanged in October unless CPI significantly beats consensus.

Wall Street Journal reports OpenAI's head of compute will depart.