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بوابة الفجر
Record stock losses of 100 pounds per gram
The silver market in Egypt has experienced record declines, with the price of raw silver per gram dropping by about 50% over two months, from approximately 190 Egyptian pounds to 95 pounds. Its recent highest price was 230 pounds. This sharp decline has caused a significant slowdown in buying and selling activity, and investors have suffered losses after purchasing bars before the drop. The decrease is attributed to factors such as global market fluctuations, supply and demand movements, and shifts in investor preferences toward precious metals. Despite this, there remains strong demand for imported silver jewelry due to its higher quality. Traders and investors are advised to monitor the global market closely before making investment decisions to avoid risks associated with price volatility.
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