Spot silver's intraday gain widened to 1.0%, trading at $54.51/oz.

European farmers are cutting fertilizer purchases as high prices suppress demand. ICIS survey shows nitrogen procurement is up to 20% below typical seasonal levels and phosphate demand is down about 30% or more. Weak demand comes as this year’s harvests have already been hit—French maize yields are at their lowest in over 30 years—and a conflict involving Iran has pushed up input costs for fertilizer and diesel. Soil moisture deficits threaten some winter crops, and lower fertilizer application could further reduce next season’s yields. Markets will watch nutrient purchases as the buying window closes; RABOBANK senior analyst Doriana Milenkova said there is still time to fill the gap but risk rises as the spring application window forces large volumes through the supply chain in a short period.

美國9月扣除飛機非國防資本耐用品訂單月率 0.5%，預期0.70%，前值1.60%。