Silver prices continue to rise in line with the strong performance of gold, with 24K silver today priced at ₨ 5,193 per tola. The market for silver has been gaining momentum as a dual-purpose asset—both an industrial metal and a safe-haven investment.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K Silver | ₨ 5,193 | ₨ 4,452 | ₨ 445.22 |
Global Silver Drivers
Globally, silver has been benefiting from the growth of green technologies and the solar energy sector. As solar panel installations increase and the demand for electric vehicles continues to grow, silver is emerging as a key component in various industries. Additionally, silver’s lower price relative to gold is attracting investors who want to diversify their portfolios without paying as much as gold.
Silver’s Role as an Industrial Metal
Silver’s industrial demand is expected to remain strong, especially in sectors like electronics, photovoltaics (solar panels), and electric vehicles. Global demand for silver in green technologies is expected to continue driving its value upward, making it a compelling investment alongside gold. The investment community is also looking at silver as a more affordable hedge against inflation, especially when gold is priced higher.
Local Silver Sentiment
In Pakistan, silver remains an attractive investment, particularly as gold prices climb beyond reach for smaller investors. Silver’s relatively lower cost per tola means more retail investors can enter the market. As the price of gold increases, silver will likely continue to see higher demand from smaller investors, jewelers, and manufacturers.
Technical Outlook
Silver is finding strong support around Rs. 4,850 per tola, and resistance is likely near Rs. 5,200+. If silver continues to react positively to demand from the industrial sectors, we could see a further rally above Rs. 5,200 in the coming weeks. However, silver remains more volatile than gold, and sharp movements—both up and down—are possible.
Short-Term Forecast
Silver is expected to trade between ₨ 4,800 – ₨ 5,300 per tola in the short term. Positive demand from industrial sectors, coupled with global safe-haven buying, could drive prices higher, but silver may also face resistance near ₨ 5,300.
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