Hindustan Zinc surges 8% to 52-week high as silver prices soar

• Hindustan Zinc stock surged over 8% to a new 52-week high of ₹566.70 on December 12.
• The stock's rise is primarily driven by record-high silver prices, with futures crossing ₹2 lakh/kg.
• Hindustan Zinc, India's largest silver producer, directly benefits from the unprecedented surge in silver prices.
• Support for metal stocks also comes from China's pro-growth policies and a weaker US dollar.
• Technical analysis indicates a strong breakout for the stock, with potential targets of ₹600 and ₹640.

Why It Matters: Hindustan Zinc's surge highlights how global factors impact major Indian metal stocks.