In an extensive analytical study, the "Marsad Al Dahab" for Economic Studies revealed that silver has recorded one of its strongest historical rallies in the Egyptian market from 2020 through the end of the first quarter of 2026. This surge was driven by a combination of inflationary pressures, the decline in the pound's purchasing power, and rising investment demand for precious metals.
Year-by-Year Performance Breakdown
According to the Observatory’s data, the price of 999-grade silver followed a steep upward trajectory:
2020: Opened at 8 EGP and closed at 11 EGP (an annual increase of 37.5%).
2021: Rose from 11 EGP to 17 EGP (a growth of 54.5%), signaling the start of a major rally amid post-pandemic global market disruptions.
2022: Continued gains to reach 25 EGP (up 47%), supported by accelerating global inflation and rising production and energy costs.
2023: Witnessed a sharper jump to 38.5 EGP (up 54%), reflecting silver's transition from an industrial metal to an increasingly popular savings vehicle in the local market.
2024: Prices climbed to 51 EGP (up 32.5%), as exchange rate fluctuations persisted and the appetite for metals as hedging tools grew.
2025 (The Turning Point): The price skyrocketed from 51 EGP to 125 EGP by year-end—an exceptional increase of 145%. This represents the highest annual growth rate in the study period, indicating a fundamental shift in local metal pricing due to currency revaluation and escalating investment demand.
Q1 2026: Silver continued its climb to record 138 EGP per gram, an increase of 10.4% in just three months.
Key Indicators and Market Drivers
The Marsad Al Dahab notes that the cumulative rise from 8 EGP in early 2020 to 138 EGP in early 2026—a total increase of 130 EGP per gram—highlights several critical economic indicators:
Inflation & Purchasing Power: A clear acceleration in local inflation and a significant drop in the currency's purchasing power.
The "Marsad Al Dahab": Silver has evolved into a primary savings and investment tool for those seeking an alternative to gold as the latter's prices soared.
The local market is now more closely tied to global precious metal movements and the growing industrial demand for silver, particularly in technology and solar energy sectors.
The Marsad Al Dahab emphasizes that silver's price performance no longer reflects just the value of the metal itself. Instead, it has become a complex economic indicator measuring monetary pressures, investor trends, and shifts in demand within the Egyptian economy.
The historical trajectory over the past six years positions the "white metal" not just as an industrial asset, but as one of the most prominent tools for hedging and wealth preservation in a high-volatility economic environment.
Follow the latest news on Google News
