Silver prices in Egypt and Saudi Arabia increase weekly
Silver prices today in Egypt and Saudi Arabia remain stable as the week begins. In Egypt, the gram of 999 purity maintains a level of 100 Egyptian pounds, while in Saudi Arabia, it stays around 7 riyals. Trading of the global ounce has paused, and the local foreign exchange markets are steady. Weekly gains in prices have approached approximately 3.7% in the Saudi market, supported by strong local demand and a stable riyal. Meanwhile, global markets closed higher, with the ounce reaching around $58.16. Expectations suggest the price may continue to stabilize with limited upward potential before the week ends, as investors await the Federal Reserve's meeting and its possible impact on silver prices.
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