Gold Isn’t Alone: Silver Prices Skyrocket in Pakistan Amid Global Industrial Demand

Gold isn’t alone: silver prices skyrocket in Pakistan amid global industrial demand

KARACHI: Silver prices in Pakistan have significantly surged over the past three months, closely tracking the global upward trend driven by geopolitical uncertainty and investor demand. The precious metal has gained 27% in the local market, rising from Rs4,012.76 to Rs 5,100 per tola last week, while international prices climbed 32.9% over the same period, and currently trading above $50 per ounce. The rally in silver, traditionally viewed as go…

Silver has surged to a record, but could it go berserk?

Gold continues to surge and silver is finally along for the ride Blue Ocean analyst Carlos Crowley Vazquez said the potential is there for silver to jump to US$70-100/oz The firm has laid out its top picks for ASX silver exposure   Silver has finally breached US$50 an ounce, which begs the question: how high can it go? As gold consistently hits new records, silver bulls have been frustrated by the lack of big moves in the price. Despite that, si…