Despite Global Decline, Silver Prices Rise 1.5% in Local Market

Silver prices recorded a notable increase in the local market over the past week, rising by 1.5%, in contrast to a 0.8% decline in global spot prices. The global dip is largely attributed to profit-taking amid weakening demand for safe-haven assets.

The week began with 800-grade silver trading at EGP 50.50 per gram and closed at EGP 51.25, reflecting a gain of 0.75 pounds. On the international front, silver opened the week at $36.23 per ounce and ended at $35.93, down by $0.30.

As of the latest data, 800-grade silver is priced at EGP 51.25 per gram, while 999-grade is at EGP 64.00, and 925-grade at EGP 59.25. A silver pound coin (925-grade) is currently valued at EGP 474.

Despite persistent geopolitical tensions—particularly in the Middle East—selling pressure after silver broke above the $36 threshold prompted some investors to lock in profits, leading to a modest global retreat.

According to data from the Silver Institute, over 80% of global silver demand originates from industrial sectors, notably solar energy, automotive, and electronics. This strong industrial demand continues to provide robust price support despite market fluctuations.

Over the past month, silver has gained approximately 9% (about $3), and 13.56% over the last three months (equivalent to $4.30). Since the beginning of 2025, the metal has surged by 25%.

In the long term, silver prices have doubled—rising 102%—compared to January 2020 levels when the metal traded at $17.92 per ounce. Historically, silver hit an all-time high of $48 in 2011 and a record low of $3.55 in 1991.

Analysts at Citibank forecast continued silver strength, projecting prices could reach $40 within 6 to 12 months, and potentially hit $46 by Q3 2025, driven by supply shortages and persistent industrial momentum.

Meanwhile, gold is currently trading at $3,369 per ounce, placing the gold-to-silver ratio at 93.79:1—historically high—suggesting that silver may still be undervalued and primed for further gains.

Amid anticipation surrounding upcoming U.S. Federal Reserve decisions and ongoing market volatility, silver continues to affirm its role as a hedge and store of value. It remains supported by geopolitical uncertainty and a murky global economic outlook.

With diverging expectations for monetary policy and persistent global volatility, silver—alongside gold—remains an attractive hedge for investors navigating what many describe as a “cautious wait-and-see” environment in global financial markets.