Hindustan Zinc Surges 5% as Silver Hits Record Highs; Silver ETFs Soar

• Hindustan Zinc shares rose by 5% on January 27, reaching a new 52-week high of Rs 733 per share, driven by record silver prices.
• As India's largest silver producer, Hindustan Zinc benefited significantly from silver's rally, with March MCX futures crossing Rs 3.5 lakh per kilogram.
• Silver ETFs experienced a tremendous surge, with Nippon India Silver ETF (Silverbees) gaining nearly 10% and Zerodha Silver ETF over 11%.
• US President Donald Trump's threats of increased tariffs on imports from South Korea and Canada are cited as a factor supporting precious metals as safe-haven assets.
• Experts advise caution for new Silver ETF investors due to high volatility and current valuations, suggesting dollar-cost averaging or booking profits for existing holders.

Why It Matters: Hindustan Zinc and Silver ETFs surged due to record silver prices, driven by safe-haven demand and tariff threats.