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المصري اليوم
Silver prices plummet from 190 to 95 pounds
Silver prices in Egypt have experienced an unprecedented historic decline in recent months, as the price of raw silver per gram dropped from 190 pounds to 95 pounds—a 50% decrease over two months. This has resulted in significant losses for investors in silver bullion and a slowdown in buying and selling activity. Traders attribute this decline to changes in the global market and saturation in the local market, which has led to a sharp recession. The price of imported silver per gram has risen to 230 pounds, with consumers preferring higher-quality imported products over local crafts. These decreases have greatly impacted investors, especially those who purchased silver at higher prices, leading to a decline in their financial situations. There are also expectations that prices will remain unstable in the near future.
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