Hindustan Zinc Crashes 13% as Silver Prices Fall 15%

📉 Hindustan Zinc shares plunged nearly 13% after silver prices crashed globally.

The Vedanta Group stock tumbled on January 30 as silver fell up to 15% after a massive bull run that pushed prices to record highs just a day earlier.

🔻 What triggered the fall?

Silver crashed on COMEX and MCX

Concerns of a more hawkish US Fed

Stronger US dollar & profit booking after record highs

🥈 Why Hindustan Zinc was hit
Hindustan Zinc is India’s largest silver producer, supplying 99.9% pure refined silver, making the stock highly sensitive to sharp moves in silver prices.

📊 Silver ETFs also collapsed
Major silver ETFs plunged 22–24%, reflecting the sharp correction in the precious metals market.

⚠️ Investors are now watching global cues and the Fed announcement closely for further direction.

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