Hind Zinc Shares Soar to 16-Month High as Silver Futures Break Rs 2.05 Lakh Mark

• Hindustan Zinc shares jumped over 3.5% to a 16-month high of Rs 587.80, driven by soaring silver prices.
• Silver futures (March expiry) crossed Rs 2.05 lakh/kg for the first time, hitting a lifetime high of Rs 2,05,934.
• Globally, spot silver surged past $65 to a record $66 an ounce, marking a significant milestone.
• Analysts view silver as a strategic diversifier and a leveraged play on global growth and energy transition, with rising industrial demand.
• Jefferies initiated a 'Buy' call on Hindustan Zinc with a target price of Rs 660, citing benefits from rising silver and zinc prices.

Why It Matters: Hindustan Zinc shares surged to a 16-month high, fueled by silver futures crossing Rs 2.05 lakh/kg for the first time.