Silver remains robust today in Pakistan, priced at PKR 4,479 per tola for 24‑karat silver, PKR 3,839 per 10 grams, and roughly PKR 383.9 per gram. This shows a steady level of demand, with silver holding its ground even as gold sees somewhat stronger fluctuations.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K Silver | Rs. 4,528 | Rs. 3,886 | Rs. 388.6 |
Globally, silver has been facing mixed influences. On one side, industrial demand remains strong—especially for technologies like solar panels, electronics, and green energy, where silver is a key component. On the other side, silver is susceptible to pullbacks when gold or macroeconomics show signs of stress or when the dollar strengthens. Profit‑taking after recent gains has also made silver slightly more volatile.
In the local Pakistani market, silver has several demand drivers:
- More Affordable Alternative: For many small investors, artisans, and middle‑income buyers, silver remains an accessible precious metal. When gold becomes too expensive, silver often sees greater retail demand.
- Jewelry & Decorative Uses: Silver is used extensively in jewelry, utensils, and traditional ornamentation. Even small increases in rate tend to be accepted by consumers when premiums are reasonable.
- Investment & Speculation: Smaller scale investors often monitor silver rates closely; spikes or dips in international pricing get reflected quickly locally, especially in cities like Karachi, Lahore, and Islamabad.
- Currency & Import Cost Pressure: Like gold, silver’s cost is affected by rupee depreciation, import costs, and dealer premiums. When the rupee weakens, silver tends to rise more noticeably because the lower base price makes percentage moves more visible.
Technically, silver appears to find support around PKR 4,400–4,500 per tola, with resistance likely near PKR 4,600–4,700 per tola if demand holds. Silver’s trajectory is more volatile, so while potential upside is there, so is the risk of sharper declines on negative global signals or industrial demand weakness.
Short‑Term Forecast: Over the next few days, silver is likely to trade between PKR 4,400 and PKR 4,600 per tola, with possible upside if industrial demand and global inflation data support metals. Buyers should watch for any shifts in macroeconomic signals or USD strength which may impact silver rates more sharply than gold.
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