The Gold and Precious Metals Division of the Egyptian Federation of Industry predicted further volatility in silver in the coming period, suggesting that an ounce could fall to the $60 level if selling pressure and short-term speculation continues.
“Since the beginning of 2026, the global silver market has witnessed unprecedented volatility, starting at a level of $71 per ounce, the price entered a wave of intense speculation, rising to $120 per ounce on January 29, and then quickly plummeting back to the $70s,” said Ihab Wassef, head of the division.
He emphasized that this movement was not driven solely by supply and demand fundamentals, but rather that rapid investment flows and future speculation caused prices to rise excessively and then collapse at the same speed.
big gap
He pointed out that although the Egyptian market was affected by this global wave, the large gap that existed between world prices and the local price of silver, which reached around 30,000 pounds per kg at the peak of the rally, began to gradually disappear, and the sector at the time clearly warned against buying at such high levels.
quick transactions
He said silver has a different nature of movement than gold and cannot be valued or treated with the same analytical tools used in the gold market. Silver’s high sensitivity to speculation and rapid trading volumes make it more vulnerable to sudden ups and downs.
He noted that 2026 will continue to be an active year for future speculation in the silver market, advising investors to buy when prices are low and hold for the long term, avoiding being guided by rapid upswings that may involve sharp corrections.
The Gold and Precious Metals Sector of the Federation of Egyptian Industries predicts that silver will experience further volatility in the future, suggesting that an ounce could fall to the $60 level if selling pressure and short-term speculation continue.
“The global silver market has witnessed unprecedented volatility since early 2026, opening at a level of $71 per ounce, entering a wave of intense speculation, rising to $120 per ounce on January 29, and then reversing sharply to around $70,” said Ihab Wassef, head of the division.
He confirmed that these movements were not only driven by supply and demand fundamentals, but also by rapid investment flows and speculative futures that drove up prices at an exaggerated pace, which led to collapses just as quickly.
big gap
He pointed out that while the Egyptian market was affected by this global wave, the large gap that existed between world prices and local silver prices peaked when silver prices rose to about 30,000 Egyptian pounds per kilogram and then gradually began to narrow, noting that the sector at the time clearly warned against buying at such high levels.
fast transactions
He said silver has a different nature of movement than gold and cannot be valued or processed using the same analytical tools used in the gold market. Silver’s high sensitivity to speculation and rapid trading volumes make it susceptible to sharp movements, both up and down.
He noted that 2026 will continue to be an active year for future speculation in the silver market, and advised investors to hold silver for the long term, buying when prices are low and avoiding getting swept up in rapid upswings that can be followed by sharp corrections.
