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Silver Gains EGP 11 in Egypt and More Than $4 Globally in One Week
Summary by Sada El Balad
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Silver Gains EGP 11 in Egypt and More Than $4 Globally in One Week
Marsad Al Dahab reported that silver prices in the Egyptian market rose by around 10.7% over the past week, while silver gained roughly 6% globally, pushing above $69 an ounce by Friday’s close. The rally was supported by a weaker U.S. dollar, shifting expectations for U.S. interest rates, volatility in Treasury markets, and persistent concerns over U.S. debt and fiscal conditions.
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