Hindustan Zinc shares surged over 3% on January 12, mirroring a significant rebound in silver prices. Silver futures reached new record highs, with March expiry contracts on MCX hitting nearly Rs 2.64 lakh per kg. This rise is attributed to geopolitical tensions boosting safe-haven assets. Silver ETFs also saw substantial gains, with many tracking a nearly 4% increase. Despite a recent dip, Hindustan Zinc shares have shown strong performance over longer periods, gaining over 125% in the past year.