Silver prices fluctuate amid global profit-taking

Silver prices experienced fluctuations across local and global markets. In local markets, silver prices remained stable, with 999 purity silver recorded at approximately 104.75 EGP for sale and 99.75 EGP for purchase. Other purities, including 925, 900, 800, and 600, also maintained specific price points, while the silver pound was valued at 776 EGP for sale.

On the global stage, silver futures for December 2026 closed lower at $66.820 per ounce, marking a 1.31% decrease. This decline was attributed to profit-taking activities and investor caution. During the trading session, prices fluctuated between a low of $65.350 and a high of $67.810. Analysts suggest that the metal faces pressure from dollar movements, bond yield volatility, and slowing demand in industrial sectors such as solar energy and microelectronics.