Silver price tanks 14% in a week leading to 9% decline in Hindustan Zinc share price. Is worst over for white metal?

Hindustan Zinc shares fell 4% to ₹531.1 on Thursday, extending a 9% weekly decline as silver prices plunged about 14% over the same period, bringing the stock down nearly 18% in the past month. Silver has dropped to less than half its January all-time high of $121 per ounce, driven by a stronger US dollar, rising bond yields, expectations of a US Federal Reserve rate hike, and easing Middle East geopolitical tensions. Analysts expect continued near-term volatility, with oversold conditions potentially triggering short-covering rallies even as the broader trend remains weak.