Choice Commodity Research

Silver Update According to the CME, COMEX silver inventories are under significant pressure. Total holdings fell to 411.7 million ounces, while registered stocks—available for immediate delivery—plummeted by 4.7 million ounces in one day to just 107.7 million. This sharp decline signals tightening physical market availability. Impact: Positive for prices Source: Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 5120...Buy in Commodity GOLDM|26FEB26 PE 175000.00 @ 5701 SL 5201 TGT 6701.00

Sumeet Bagadia’s Desk : Book Part Profit @ 40.45...Buy in Commodity NATURALGAS|20FEB26 CE 360.00 @ 38.05 SL 35.05 TGT 44.05

Sumeet Bagadia’s Desk:Buy GOLDM|26FEB26 PE 175000.00 in Commodity @ 5701 SL 5201 TGT 6701.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 CE 360.00 in Commodity @ 38.05 SL 35.05 TGT 44.05

Silver Update Silver record-topped $117, on safe-haven demand. Despite a rebounding dollar and steady Fed rates, prices climbed due to Middle East tensions, U.S. election-related tariff fears, and robust industrial needs in the renewable energy and electronics sectors. Source: Choice Broking

Gold Update Gold hit a record $5,500 as dollar weakness and Middle East tensions fueled demand. Despite the Fed holding rates, Trump’s tolerance for a weaker currency and military threats against Iran drove safe-haven buying, supported by central bank and ETF inflows. Source: Choice Broking

Crude Oil Update WTI crude oil futures are climbing toward $64 per barrel as geopolitical friction in the Middle East reignites supply concerns. Source: Choice Broking

*US Federal Funds Rate* Actual : 3.75% Prev.: 3.75% Impact : Neutral for Bullion

Global Update * The Federal Reserve kept interest rates unchanged at 3.50%–3.75% at its latest policy meeting, following a split vote. * US Treasury Secretary Scott Bessent dismissed speculation of US intervention in the currency market to sell dollars against the yen, support dollar. * Fingers on the trigger’: Iran warns of unprecedented retaliation after Trump’s ‘far worse’ attack threat, boost crude prices. * Bank of Canada hold rates at 2.25%, as expected. Source: Choice Broking

Dollar Update US official Bessent clarified that the US is not intervening in Dollar–Yen, reaffirmed a strong dollar policy backed by solid fundamentals, and noted that improving policies and a narrowing trade deficit could support further dollar inflows. Choice Broking

NATURALGAS prices surged by +7% from its day low, now the next hurdle may seen around 354

US Crude Oil Inventories Actual : -2.3M Forecast: -2.0M Prev.: 3.6M Impact : Positive for Crude Oil US Distillate Inventories Actual : 0.3M Forecast: -2.2M Prev.: 3.3M Impact : Negative for Crude Oil US Gasoline Inventories Actual : 0.2M Forecast: 0.8M Prev.: 6.0M Impact : Positive for Crude Oil

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|20FEB26 CE 340.00

Sumeet Bagadia’s Desk : Book Part Profit @ 39.3...Buy in Commodity NATURALGAS|20FEB26 CE 340.00 @ 38 SL 36.4 TGT 41.20