Silver Plunges ₹8,000, Hindustan Zinc Shares Drop 2%; ETFs Also Slip

• Hindustan Zinc shares fell 2% to ₹632.60 on Wednesday, January 7, following a sharp decline in silver prices.
• Silver futures on MCX dropped by ₹8,000/kg from record highs, with March expiry falling 3% to ₹2,51,729 per kg.
• International spot silver prices also decreased by 3.5% to $78.43 per ounce, driven by profit-booking and a strengthening dollar.
• Silver Exchange Traded Funds (ETFs) like 360 ONE Silver ETF saw declines, though some recovered slightly from intraday lows.
• Experts suggest short-term silver movements depend on the US dollar and interest rates, while the medium-term outlook for 2026 remains positive due to industrial demand.

Why It Matters: Silver's sharp fall from record highs impacted Hindustan Zinc shares and ETFs, with experts divided on short vs. long-term outlook.