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Source:
الوطن
Source: الوطن
24 Hrsالوطن
Source: الوطن
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Global silver prices declined approximately 2.6% over the week, with the price of an ounce dropping from around $66.3 to about $64.54. This decline was influenced by the strengthening of the dollar, higher U.S. Treasury yields, and expectations of interest rate hikes by the Federal Reserve. Despite this, the price of 999-millimeter silver per gram in the local market remained stable at around 105 Egyptian pounds, even amid fluctuations in international prices. This stability reflects the incomplete transmission of the global market losses to the local market due to the rising dollar. Markets are now awaiting the Federal Reserve's upcoming decision on September 15 and 16, which will determine the future direction of silver prices. Prices are highly affected by expectations of interest rate increases, along with other factors such as inflation and oil prices, which influence demand for the metal.
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