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See - Sada Elbalad
16-07-2025
- Business
- See - Sada Elbalad
Silver Prices Rise Locally as Market Eyes U.S. Inflation and Tight Global Supply
Waleed Farouk Silver prices rose in the local Egyptian market on Wednesday, supported by the relative stability of the global spot price, despite a minor decline following the release of weaker-than-expected U.S. industrial inflation data for June. The data kept pressure on the U.S. dollar and boosted demand for non-yielding assets like silver. According to a report by the Safe Haven Hub, the price of 800-purity silver rose from EGP 52 to EGP 53 per gram. Meanwhile, 999-purity silver reached EGP 66 per gram, 925-purity stood at EGP 61, and a 925 silver pound was priced at around EGP 488. Global Silver Eases Slightly After Hitting 14-Year Highs Globally, silver retreated from $38.32 to $37.65 per ounce in a normal corrective move after nearing a 14-year high of $39.13 earlier this week, as some investors moved to take profits. Mixed U.S. Inflation Data Keeps Dollar Under Pressure The U.S. Producer Price Index (PPI) showed notable deceleration in June, with headline PPI registering 0.0% month-on-month, missing expectations of 0.2%. Year-on-year, it fell to 2.3%, down from 2.6% in May. Core PPI (excluding food and energy) also came in weaker than expected at 0.0% monthly and 2.6% annually. This followed Tuesday's Consumer Price Index (CPI) data, which showed headline inflation in line with forecasts but a slightly lower core reading. This mixed picture reduced the likelihood of imminent rate cuts, weakening the dollar and supporting demand for hedging assets like silver. Rising Industrial Demand Meets Growing Supply Deficit Silver has been on a strong upward trend since April, fueled by multiple factors — intensifying global trade tensions, new U.S. tariffs, supply shortfalls in key markets, rising global interest rates, and tightening liquidity in metals exchanges like the LME. A report from the Silver Institute revealed that silver-backed ETFs held over 1.13 billion ounces as of June 2025, with net inflows of 95 million ounces in the first half of the year — already surpassing full-year 2024 levels. The Institute also projected industrial demand to reach 677.4 million ounces in 2025, driven largely by booming demand from green industries, particularly solar panels and photovoltaic technologies, amid rapid global growth in clean energy projects. Fifth Consecutive Year of Market Deficit Despite surging demand, silver supply remains under severe pressure due to production disruptions in major mining countries like Mexico and Russia, along with declining output from primary mines. Over 70% of global silver supply now comes as a byproduct of other metals. The market deficit is estimated at 182 million ounces for 2024, with an additional 117.6 million ounces expected in 2025. Above-ground inventories are nearing critical levels, while U.S. premiums for physical silver continue to rise. Silver Eyes $50 Per Ounce as Breakout Momentum Builds After breaking above the $35 level in June, analysts believe silver is now on track to test $50 per ounce in the near term, driven by strong investment demand and limited available supply — currently estimated at just 155 million ounces. Analysts at Citi Bank forecast silver will continue its ascent over the next 12 months, projecting it may reach $40, and possibly $46 by Q3 2025, citing sustained trade tensions and expanding industrial demand. Market Fundamentals Support More Upside Silver remains significantly undervalued based on historical ratios. The current gold-to-silver ratio stands at 87.3, well above the historical average of 53. A return to this average — assuming stable gold prices — would imply a silver price of around $63.30, or a 65% increase from current levels. Adjusted for inflation, silver's all-time high of 1980 would equal $197 today, and its 2011 rally peak would be $71, indicating considerable upside from the current price of $38.40 per ounce. Short Position Overhang and Risk of a Short Squeeze Despite the rally, global investment banks maintain large short positions in silver futures. As of July, short positions stood at 52,324 contracts, equivalent to 262 million ounces — roughly one-third of the world's annual silver production. Many of these contracts are unbacked "paper silver," posing a growing risk of a short squeeze if prices keep rising. This could force investors to cover their positions rapidly, potentially triggering a sharp price spike. The risk is heightened by the high ratio of paper-to-physical silver, currently estimated at 375 paper ounces for every one physical ounce available — a precarious setup that could lead to an explosive rally if physical demand surges. Asian Demand Boosts Market Outlook India imported 197 tonnes of silver in June 2025, up 81% year-on-year. However, this was lower than May's record of 544 tonnes, indicating a modest cooldown after an unprecedented buying spree. Silver Reclaims Its Place as a Strategic Asset With its dual role as a safe-haven and industrial metal, silver is proving itself not just a precious commodity but a strategic asset. Amid tightening supply, robust industrial demand, and financial market uncertainty, silver may emerge as the surprise outperformer of H2 2025 — possibly even outshining gold. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
See - Sada Elbalad
21-06-2025
- Business
- See - Sada Elbalad
Silver Continues Its Rise Locally and Globally… 800 Silver Reaches EGP 51.25
Waleed Farouk Silver prices recorded a notable increase in local markets during Saturday's trading, boosted by global gains in the white metal, which hit its weekly peak at $36.78 per ounce, according to Safe Haven Hub. Locally, 800 silver climbed to EGP 51.25 per gram, while 999 silver reached EGP 64, and 925 silver stood at EGP 59.25 per gram. Meanwhile, the silver pound (925) was priced at EGP 474. Despite escalating geopolitical tensions in the Middle East, silver closed the week with a slight decline to $35.93 per ounce, as some investors took profits after a strong rally that pushed prices above the $36 mark. Globally, around 80% of silver demand comes from key industrial sectors such as solar energy, automotive, and electronics. With sustained strong demand, and despite potential cooling due to higher prices, silver maintained its upward momentum. Over the past month, silver has gained nearly 9%, or about $3, while the past three months saw a 13.56% increase, equivalent to $4.30. Since the beginning of 2025, silver prices have jumped by approximately 25%. On a longer-term basis, silver has more than doubled in value—by 102%—since January 2020, when it traded at $17.92 per ounce. Its historical peak was $48 in 2011, while the lowest level recorded since 1990 was $3.55 in 1991. In another development, Citi Bank analysts maintained their bullish outlook on silver, projecting the price could reach $40 within the next 6 to 12 months, and potentially $46 by Q3 2025, supported by tight supply and sustained industrial demand. At the same time, gold prices stood at $3,369 per ounce, placing the gold-to-silver ratio at 93.79:1—meaning one ounce of gold is currently equivalent to roughly 94 ounces of silver. This historically high ratio suggests that silver may still be undervalued relative to gold, which could support further upside. Despite ongoing speculation about U.S. monetary policy, silver continues to benefit from an environment of economic uncertainty and regional geopolitical tensions. As a result, investors remain cautiously optimistic, carefully weighing geopolitical catalysts against monetary pressures in global markets. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
See - Sada Elbalad
20-04-2025
- Business
- See - Sada Elbalad
Citizens' Demand For Silver Increased By 35% During The First Quarter Of 2025
Waleed Farouk Silver prices in local markets rose by 4.3% during last week's trading, with the global ounce rising by 0.9%. This was due to the weak US dollar and the escalating trade dispute between the United States and China, according to a report by the Safe Haven Hub. The report indicated that silver prices in local markets rose by EGP 2 during last week's trading, with the price of a gram of 800-karat silver opening at EGP 47 and closing at EGP 49. Meanwhile, the global ounce rose by $0.29, opening at $32.24 and closing at $32.53. He added that the price of a gram of 999-karat silver reached EGP 61, while the price of a gram of 925-karat silver reached EGP 56.50, while the silver pound (925-karat) reached EGP 452. Silver prices rose in local markets, supported by the rise in the ounce price on the global stock exchange, the rise in the dollar exchange rate in the local market, and increased demand. The Safe Haven report revealed that the price of silver in the local market rose by about EGP 7 compared to the global price, as a result of local markets evaluating silver prices at a dollar exchange rate of EGP 55.60. The report indicated increased demand for silver from Egyptians during the first quarter of this year, especially with the rise in gold prices and the decline in citizens' purchasing power. The report added that the rate of demand for silver bullion purchases ranged between 30 and 35%, and is included in individual and corporate purchases. The report monitored the growth in the use of silver bullion as an alternative to gifts and special occasions by companies, particularly in investment sectors such as banking, real estate, and telecommunications. Safe Haven also noted the use of silver bullion as gifts during the holy month of Ramadan, particularly as prizes for Quran memorization competitions. The report predicted that silver would capture a significant share of the Egyptian market this year and become a wedding requirement, given its status as a store of value like gold. Egyptian families can use it to balance the weight of their silver wedding rings, such as a one-kilo or half-kilo ring. The report indicated rising silver prices in local markets, supported by the rise in the ounce price on the global stock exchange, the rise in the dollar exchange rate in the local market, and increased demand. Silver prices rose on the global stock exchange, driven by increased investor demand amid the escalating trade dispute between the United States and China and growing bets on the US Federal Reserve cutting interest rates. Meanwhile, the Silver Institute published its 2025 silver survey, predicting that the precious metal will experience a deficit for the fifth consecutive year, albeit the smallest imbalance in four years. Silver is expected to see a deficit of 117 million ounces, as demand declines slightly to 1.148 billion ounces, while total supply increases by 1.5% due to rising mine production. The Silver Institute expects industrial demand for silver to remain relatively stable this year at approximately 677.4 million ounces. The trade conflict between the United States and China may increase risks to industrial demand for silver amid uncertainty. Silver has faced difficulties in recent weeks, with investors fearing that industrial demand will be damaged if the global economy enters a recession. China is one of the largest importers of silver for industrial use, so markets are anticipating the impact of the trade conflict on demand in the coming period. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
See - Sada Elbalad
30-03-2025
- Business
- See - Sada Elbalad
Silver Prices Rise 2.3% in Egyptian Market
Taarek Refaat Silver prices in Egypt saw a significant increase by 2.3% during last week's trading, coinciding with a 3% increase per ounce on the global stock exchange, amid geopolitical and economic uncertainty, according to a report issued by the Safe Haven Hub. The report added that the price of a gram of 800 silver rose by one Egyptian pound during last week's trading, opening at EGP 44 and closing at EGP 45. The price of a gram of 999 fine silver reached approximately EGP 56, while the price of a gram of 925 sterling silver reached approximately EGP 52, and the price of a pound reached EGP 416. International Silver Prices: The price of an ounce on the global stock exchange saw a slight decrease of one dollar, opening the week at $33 and closing at $34. Despite silver hitting a five-month high, it fell to $34 at the close of trading on Friday, after touching $34.58 before retreating due to profit-taking. Silver remains the only precious metal trading below its all-time high of 1980, raising speculation about price manipulation to keep it low. This is despite several factors supporting silver's rise, such as rising inflation, increased physical demand, a supply shortage, and the massive rise in gold prices. In light of these facts, a group of investors launched an online campaign on social media platforms, particularly X, under the name "Silver Squeeze 2.0," calling for a mass purchase of silver on March 31st. The campaign aims to challenge the paper market, which some describe as "manipulated." This campaign is similar to the actions led by Reddit investors in 2021, which led to significant increases in silver prices. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
See - Sada Elbalad
30-03-2025
- Business
- See - Sada Elbalad
"Safe Haven": Calls for mass buying and expectations that silver will break the $100 barrier.
Waleed Farouk Silver prices rose in local markets by 2.3% during last week's trading, with the ounce on the global stock exchange rising by 3%, amid geopolitical and economic uncertainty, according to a report by the Safe Haven Hub. The report indicated that silver prices in local markets rose by one Egyptian pound during last week's trading, with the price of a gram of 800-karat silver opening at 44 Egyptian pounds and closing at 45 Egyptian pounds. Meanwhile, the price of an ounce on the global stock exchange fell by one dollar, opening at $33 and closing at $34. It added that the price of a gram of 999-karat silver reached 56 Egyptian pounds, while the price of a gram of 925-karat silver reached approximately 52 Egyptian pounds, while the silver pound (925-karat) reached 416 Egyptian pounds. Silver reached a five-month high but fell back to around $34 by the close of trading on Friday, reaching $34.58 per ounce before retreating as investors took profits. The metal then surpassed $34.23, its all-time high from March 18. Silver Rally Silver remains the only major metal still trading below its all-time high of 1980, reinforcing speculation that prices are being manipulated and remain low, even as traditional catalysts such as rising inflation, increased physical demand, a supply deficit, and a massive surge in gold prices combine to support silver as well as gold. Silver has once again become the focus of a coordinated grassroots movement, this time dubbed "Silver Squeeze 2." This online campaign, which has gained widespread attention across social media platforms such as X, calls for a mass purchase of silver on March 31 to challenge what proponents describe as a "rigged" paper market. This strategy is reminiscent of the 2021 Reddit silver squeeze. Reports indicate that trade tariffs would naturally drive up silver prices, especially given the surge in demand for silver, as large quantities of silver flow into New York from London. The stock market's hold on silver prices is almost impossible to overstate. The futures market is currently experiencing a net supply shortage of approximately 223 million ounces, representing approximately 25% of annual mine supply. Meanwhile, the ratio of paper silver to physical silver is approximately 378 to one, far exceeding any other futures market for any metal or commodity. In 2021, retail investors attempted a similar move, with SLV ETF trading volumes increasing ninefold. Silver briefly jumped from $25 to $29.50, and the average price of silver rose 30 to 40% in just three days. Silver has a sustained industrial demand, creating a deficit in the markets, alongside investment demand from individuals and institutions, confirming a sustained price increase like gold. The amount of silver available for investment is now less than it was 10 years ago, and this could contribute to a greater and more sustained pressure. Industrial demand for silver now represents about 60% of annual usage, up from 50% a decade ago. According to the Silver Institute, solar power, electronics, and electric vehicles have contributed to this increase. Silver has been in a global supply deficit for four consecutive years, averaging 200 million ounces annually, according to Metals Focus. This deficit has not been offset by new mine supply, but rather by stockpiling from exchanges like the London Bullion Market Association (LBMA) and COMEX. LBMA stockpiles have fallen by 40 to 50% over the past few years, and much of this metal is being moved to private vaults in New York. With growing calls for mass buying, silver is expected to hit $50, amid expectations that it will continue to break records and soon reach $100. Trump Threats and Fed Warning While President Trump's plans for tit-for-tat tariffs, scheduled to take effect on April 2, are widely expected to lead to higher import prices, economists estimate that the impact on inflation could exceed a full percentage point. While some Federal Reserve officials expect a temporary increase, others warn of prolonged pressure, increasing uncertainty about the fate of interest rates. Trump's tariff threats could add 1% to inflation, raising concerns that could push silver demand higher. The Federal Reserve continues to face mixed signals, including moderate growth, strong consumer spending, and rising inflation expectations. While recent CPI figures have indicated slowing price growth, the outlook for personal consumption expenditures suggests the Fed has limited room to ease monetary policy. Federal Reserve spokespeople have described economic conditions as faltering, with the outlook clouded by policy risks and weak consumer confidence. The U.S. Commerce Department reported Friday that the core personal consumption expenditures (PCE) index, which excludes volatile goods and energy prices and is the Fed's preferred inflation measure, rose 0.4% last month, compared to January's 0.3% increase. Consumer prices were higher than expected, with economists forecasting another 0.3% increase. Over the past 12 months, core inflation rose by 2.8%, compared to a revised 2.7% increase in January. Economists had expected an annual increase of 2.7%. The report shows that inflation has become an integral part of the economy, even as overall inflation remains relatively stable. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
