Local precious metal markets have recently seen a significant increase in demand for silver bars, both for savings and long-term investment. This surge has led to intense competition among retailers, many of which now prominently display silver bars in their shop windows—a previously uncommon practice. Officials attribute this trend to the historic highs in gold prices, which have driven investors to seek more affordable alternatives. Although silver has also seen sharp increases, it remains significantly cheaper than gold, making it an attractive option for a broad range of investors. Experts predict this demand will continue, with prices expected to rise further. The price of silver has skyrocketed, reaching around 8,800 dirhams per kilogram, up from 7,000 dirhams just a month prior. Experts advise that while silver is a viable investment option, its price is typically more volatile than gold's, suggesting investors should diversify their portfolios with a primary focus on gold for long-term stability.
