Silver prices jumped to a record $84 an ounce, pushing many Asian mining companies up as much as 16% in a single day.
Big Winners on the Stock Exchanges
- Japan’s Toho Zinc surged 15.8% on the Tokyo Stock Exchange.
- Australia’s Sun Silver and Silver Mines each rose about 19%.
- China’s Hunan Silver hit the daily limit, up 10% in Shenzhen.
- Genesis Minerals (Australia) is up 199% year‑to‑date, Zijin Mining (Hong Kong) 152%, and Indonesia’s Aneka Tambang 122%.
- Hong Kong’s Jiangxi Copper jumped 13% to a record high, while CMOC Group rose 6%.
Why Silver Is Leading the Rally
Silver is essential for data centers and artificial‑intelligence hardware. Investors are moving money from chip makers to metals they think are cheaper and have strong demand. A weaker US dollar, rising geopolitical worries, and a tight supply‑demand balance have also helped lift prices.
What This Means for Investors
The metal’s price is staying above $80 per ounce and could test $84‑$87 soon. If the rally continues, mining stocks that are already up heavily may keep climbing, but rapid gains can also bring short corrections.
Local Market Note
In India, major miners such as Hindustan Zinc, Vedanta and NMDC fell slightly, down up to 3%.
Remember, this is just a perspective, not a prediction. Always do your own research or talk to a financial advisor before making any decisions.