Hindustan Zinc Shares Surge Over 3% as Silver Prices Hit All-Time Highs

• Hindustan Zinc, a Vedanta Group company, saw its shares jump over 3% to 627 rupees on Monday.
• The surge is attributed to a sharp recovery in silver prices, with MCX March futures hitting 263,996 rupees per kilogram.
• International spot silver also reached a new lifetime high of 83.96 dollars per ounce, with Silver ETFs gaining nearly 3%.
• Geopolitical tensions (Iran, US) and Fed controversy are driving demand for safe-haven assets like silver.
• Hindustan Zinc shares have risen nearly 10% in one month and over 125% in five years.

Why It Matters: Hindustan Zinc shares soared due to record-breaking silver prices driven by safe-haven demand.