I was helping a neighbor on his shop outside, and observed a round object in the SW sky. There was some misty clouds in the area, but over all was blue sky. It seemed weird as I could tell it was round and just a dot. I thought it an aircraft or balloon. I went and got my binoculars and continued to watch to see if it moved. While watching you could see clouds moving but this object continued to stay stationary. Eventually a jet liner passed by in the area but this object stayed at the same location. My neighbor and I watched for about an hour and sight was lost due to cloud cover. My binoculars only showed that object was round. I tried to steady my binoculars by leaning against a window frame, that helped a lot but did not show me any more than a round object. I could tell object was very far away, when jet liner flew past jet was very far too and object seemed even further. In all honesty I believed it to be a balloon, but it did not move the whole time, and remained stationary for aprox. the hour we observed.