George Michel, the head of the gold traders' syndicate, said that there is a strong direction in the Egyptian markets for silver bars investments. It targets creating more investing tools for customers to preserve the value of their savings and currencies in light of the historic declines in the national currency's value.
Michel highlighted that the soon-to-be-released silver bars will be available in different sizes and weights.
He described that the decline in silver prices and their manufacturing taxes motivated customers to invest in silver, in addition to the presence of a percentage of getting part of the manufacturing expenses back in re-sale.
Michel asserted that silver bars follow the same codes as gold bars as they have the same issuing regulations, coding, numbering, and authorization.
Contributed by: Rana Atef
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