Hindustan Zinc Shares Tumble 5% as Silver Prices Plunge, ETFs Fall 3%

• Hindustan Zinc shares dropped nearly 5% to Rs 599.25, extending a two-day decline.
• Silver futures on MCX fell over Rs 3,000, with March expiry below Rs 2.5 lakh/kg.
• Silver ETFs, including Edelweiss, HDFC, and UTI, mirrored the fall, dropping over 3%.
• Profit booking and a stronger US dollar ahead of key U.S. jobs data contributed to the decline.
• Experts suggest strategic entry for investors when prices stabilize, with a constructive medium-term outlook for silver.

Why It Matters: Hindustan Zinc shares and silver ETFs plunged due to falling silver prices, driven by profit booking and a stronger dollar.