Hindustan Zinc Shares Soar 6% as Silver Futures Hit Record Highs, ETFs Rally

• Hindustan Zinc shares surged over 6% on January 14, extending a four-session winning streak.
• Silver futures on MCX touched a new all-time high of Rs 2,87,990 per kilogram, with May and July expiries also reaching record levels.
• The rally in silver prices is attributed to softer-than-expected US inflation data, increasing expectations of Federal Reserve interest rate cuts.
• Geopolitical tensions in Iran and a falling gold-silver ratio also contribute to sustained silver outperformance.
• Silver ETFs, including Groww, DSP, Tata, Nippon, Zerodha, and Edelweiss, mirrored the price surge, hitting new record highs.

Why It Matters: Hindustan Zinc shares and silver ETFs rally significantly as silver prices hit record highs.