Overview
- Shares jumped as much as 8.62% on Friday to ₹567.50, extending a multi-session rally and marking a one-year high.
- Domestic silver futures set new records after breaching ₹2,00,000 per kg, while Comex contracts also reached lifetime highs.
- Investor flows strengthened the metals trade, with the iShares silver ETF adding 324 tonnes in the past week, its largest weekly inflow since July.
- Hindustan Zinc, a major silver producer, has rallied about 8.5% over three sessions and is up roughly 21% year to date as metals stocks outperformed.
- Macro cues, including expectations of easier US monetary policy and a softer dollar, supported commodity prices alongside B&K Securities' ₹610 target and 'BUY' initiation.