Hindustan Zinc Shares Dip 2% as Silver Prices Tumble Rs 8,000/Kg; ETFs Hit Low

• Hindustan Zinc shares fell nearly 2% on January 7, following a sharp correction in silver prices.
• Silver futures on MCX dropped close to 3%, with prices tumbling around Rs 8,000/Kg from intraday lifetime highs.
• Silver ETFs also saw declines, mirroring the fall in the precious metal, which retreated from recent record highs.
• The decline is attributed to profit-booking after a strong rally and a firmer US dollar ahead of key US jobs data.
• Experts advise caution due to silver's volatility, but maintain a constructive medium-term outlook for 2026 due to industrial demand.

Why It Matters: Hindustan Zinc shares and silver prices fell due to profit-booking and a strong US dollar, despite a positive long-term outlook.