Hindustan Zinc Shares Drop as Silver Prices Retreat from Record High

• Hindustan Zinc shares snapped a four-day gaining streak, falling 3.2% to ₹616.6 on Monday.
• The decline mirrored an over 8% drop in silver prices from a new 52-week high of $68 per ounce.
• Silver has surged over 170% in 2025, on track for its best year since 1979, driven by speculative inflows and supply deficit.
• Peter McGuire of trading.com advises against shorting silver, citing strong momentum despite the recent dip.
• Hindustan Zinc, India's sole listed silver play, is up 40% in 2025, with most gains occurring in December.

Why It Matters: Hindustan Zinc shares fell, reflecting silver's retreat after a record surge, but long-term momentum remains strong.