Silver price, June 25 -- Shares of Hindustan Zinc declined 4% to Rs.531.1 in Thursday's trade, bucking the broader market rally as silver prices extended their steep decline. The weakness in the stock comes amid a sharp fall in precious metal prices, driven by a stronger US dollar, rising bond yields, expectations of higher US interest rates and easing geopolitical tensions in the Middle East.

The broader Indian market traded higher during the session, but Hindustan Zinc remained under pressure as investors reacted to continued weakness in silver, one of the company's key revenue-generating metals.

It has been a bruising week for silver. The white metal has plunged as much as 14%, extending losses for a third consecutive session on Thur...