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News Topical, Digital Desk : Share Crash: The sudden drop in silver prices (Silver Price Today Crash) has had a direct impact on the stock market (Share Market News). Silver prices fell by 8 percent, and Hindustan Zinc shares fell 2 percent. The sudden drop after a record rally came as a surprise to investors.
Hindustan Zinc Share Price:
Shares of Hindustan Zinc, a Vedanta Group company, fell 2.18 percent to ₹611.65 on Wednesday. The company's shares had risen nearly 27 percent in the past month and more than 38 percent so far in 2025. The company is India's largest silver producer and produces refined silver with 99.9% purity. Therefore, the decline in silver prices directly impacted the stock. Silver futures with March expiry on MCX fell more than 7 percent to ₹232,228 per kg. Meanwhile, the May expiry contract fell 8 percent to ₹235,512 per kg. Investors are fearing profit booking after the record high. Furthermore, the safe haven asset came under pressure due to the possibility of a US-brokered peace deal between Russia and Ukraine (Russia Ukraine Deal Impact) easing global geopolitical tensions. Impact on ETFs The fall in silver prices also affected ETFs. Aditya Birla Silver ETF and Axis Silver ETF fell by more than 2 percent. Nippon India Silver ETF, Groww Silver ETF, HDFC Silver ETF, Mirae Asset Silver ETF and Kotak Silver ETF declined by about 2 percent. Zerodha Silver ETF, ICICI Pru Silver ETF and Edelweiss Silver ETF fell by about 1 percent. Hindustan Zinc has a market cap of more than Rs 2.60 lakh crore. The current decline was seen due to pressure on silver prices.
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