Silver prices surge amid market rally
Silver prices in the Egyptian market experienced a significant rise during the week from July 18 to July 25, 2026. The increase was driven by escalating geopolitical tensions in the Middle East and heightened local demand for precious metals as a safe haven amid instability. The price of 999-karat silver per gram rose by 3.18% to reach 101.15 Egyptian pounds, up from 98.03 pounds at the start of the week, coinciding with the global ounce price climbing to about $58. A gradual decline in prices began after rapid daily increases on July 21 and 22 due to international tensions and rising oil prices. By the end of the week, prices stabilized as the market watched the outcomes of Federal Reserve meetings and their impact on interest rates, with factors such as inflation, energy prices, and the dollar directly influencing silver price movements in Egypt.
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