Hindustan Zinc Shares Plunge 2% as Silver Prices Tumble ₹8,000/kg; ETFs Hit Day's Low

• Hindustan Zinc shares dropped nearly 2% to ₹632.60 after silver prices tumbled from lifetime highs.
• Silver futures on MCX fell almost 3%, losing ₹8,000/kg from their peak, while spot silver lost 3.5%.
• Silver ETFs mirrored the fall, with some recovering to marginal gains after earlier sharp rises.
• The price drop is attributed to profit booking and a stronger dollar ahead of key U.S. jobs data.
• Experts advise caution due to silver's volatility, suggesting strategy entry near support zones, with a constructive medium-term outlook.

Why It Matters: Hindustan Zinc shares and silver prices fell sharply due to profit booking and a stronger dollar.