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المصري اليوم
Reasons Behind Silver Price Fluctuations
Silver prices in the Egyptian market continue to fluctuate due to both international and local factors. The price of one gram of 999 purity silver has reached approximately 98.75 EGP for purchase and 101.75 EGP for sale, amid a correction wave following strong gains last year and at the start of this year. Prices have retreated to around $61 per ounce. This decline in silver prices is attributed to rising US bond yields, a strong dollar, inflation concerns, and reduced industrial demand, particularly due to decreased use of silver in solar panel manufacturing. However, there are still factors supporting price increases, such as persistently tight supply and renewed interest in physical investment in the global market. It is expected that prices will rebound if bond yields decline and US monetary policy becomes more accommodative. On the domestic level, the silver market does not yet possess the liquidity and wide penetration seen in the gold market. Prices are primarily expected to be influenced by the dollar’s movement and bond yields, with silver remaining a complementary investment tool to gold rather than a substitute for it at this time.
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