
In this episode of Market Commentary, Shailendra Bhatnagar is joined by Vandana Bharti, Head of Commodity Research at SMC Global Securities, to analyze the recent sharp corrections across the commodities market. We delve into the steep 16% drop in silver and the 7% decline in gold over the past month, exploring how India's restricted imports and ETF outflows are reshaping the physical and derivative markets. Ms. Bharti also provides a deep dive into the industrial metals space, discussing why high crude oil prices and China's shifting export-import dynamics are pressuring copper and aluminum. Finally, we discuss the ongoing volatility in crude oil amid US inventory lows and the exciting launch of a new black pepper futures contract.