Choice Commodity Research

Silver Update Shanghai silver trades at a +13.10% premium to Western spot price. Impact: A double-digit premium signals robust physical demand, industrial consumption, or tight domestic supply in China, bolstering global bullish sentiment for the metal. -Choice Broking.

Sumeet Bagadia’s Desk : Book Part Profit @ 3.99...Buy in Commodity COPPER|23SEP26 PE 1400.00 @ 2.95 SL 1.99 TGT 4.87

Sumeet Bagadia’s Desk : Stopped Out @ 239889.00...Buy in Commodity SILVERMIC|30NOV26 @ 241888.00 SL 239890.00 TGT 245884.00

Sumeet Bagadia’s Desk:Buy COPPER|23SEP26 PE 1400.00 in Commodity @ 2.95 SL 1.99 TGT 4.87

Sumeet Bagadia’s Desk:Sell ALUMINIUM|30SEP26 in Commodity @ 350.10 SL 351.00 TGT 348.30

Sumeet Bagadia’s Desk : Book Profit @ 8956.00...Buy in Commodity CRUDEOIL|19OCT26 @ 8946.00 SL 8899.00 TGT 9040.00

Sumeet Bagadia’s Desk : Exit @ 153100.00...Sell in Commodity GOLDM|05OCT26 @ 153151.00 SL 153506.00 TGT 152441.00

Aluminium Update BofA expects an aluminum supply deficit this year, shifting to a modest surplus next year; the surplus should widen as additional Indonesian supply comes online in H2 2027. Positive for Aluminium. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 241888.00 SL 239890.00 TGT 245884.00

Copper Update Copper prices trading upside due to supply concerns. Mined copper output faces its first potential annual drop since 2017 amid mine disruptions and lower ore grades, while strong demand and proposed US tariffs further supported prices. -Choice Broking

Gold Update India’s August gold imports plunged nearly 58% year-on-year, almost matching gross gems and jewellery exports (up 3.14%). Despite this monthly import contraction, year-to-date cumulative gold imports remain higher than the previous year. -Choice Broking

Crude Oil Update Crude Oil prices fell due to diplomatic efforts to resolve the Middle East conflict, including prospective Trump talks with Iranian, Gulf, and Chinese leaders this week. Higher Saudi exports through the Strait of Hormuz, and rising tanker counts, marking the highest tanker count observed since at least June further eased supply disruption concerns. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|19OCT26 in Commodity @ 8946.00 SL 8899.00 TGT 9040.00

Sumeet Bagadia’s Desk:Sell GOLDM|05OCT26 in Commodity @ 153151.00 SL 153506.00 TGT 152441.00

Dollar Index Update The dollar index held near 100.3 level as hawkish Fed official remarks reinforced rate hike expectations. Meanwhile, oil prices dropped amid Middle East diplomatic efforts, and traders remained alert for potential Japanese yen intervention. -Choice Broking

Global Market Snapshot Major stock indices are slightly positive, with the Nasdaq and Euro Stoxx 50 leading modest gains, while the DJIA and Russell show minor dips. Energy commodities are mostly higher, led by Crude Oil WTI at 92.90 (+0.57%) and Brent at 101.17 (+0.81%), though Gasoil is down (-0.33%). Precious and base metals display mixed movement—Gold (+0.06%), Silver (+0.56%), and Copper (+0.75%) posted gains, whereas Platinum (-0.12%) and Aluminum (-0.68%) declined. Currency markets show negligible movement against the USD.

Sumeet Bagadia’s Desk : Exit @ 241831.00...Sell in Commodity SILVERMIC|30NOV26 @ 241920.00 SL 242800.00 TGT 240160.00

Sumeet Bagadia’s Desk:Sell SILVERMIC|30NOV26 in Commodity @ 241920.00 SL 242800.00 TGT 240160.00