Silver, once considered a common and affordable metal, has now turned into a high-demand commodity in Pakistan’s investment market.
Over the last three months, both the price and consumption of silver have more than doubled, transforming it into the new favorite among investors.
According to traders, silver is now even being sold in the black market, with a surge in buyers rushing to get their hands on the metal amid rapidly climbing prices.
People buying silver by kilo
Market experts report that silver, which was previously sold in small quantities, is now being purchased in 10-tola bars and even one-kilo bricks.
“You may be surprised to hear that people are now buying silver like cars — in large quantities and with advance payments,” said Muhammad Haroon Linden, a local broker in Karachi.
Jeweler Fazal Habib confirmed the trend, noting that money is being taken on silver similar to high-value items. Muhammad Iqbal, another jeweler, added that the buying frenzy is unlike anything seen in years.
Why silver prices are soaring globally
Analysts attribute the price surge to rising global demand, especially from China, India, and European countries that are purchasing more silver than usual.
According to experts, silver’s industrial use has increased substantially — particularly in electric and electronic products, where it is replacing platinum due to its lower cost.
This global shift has made silver one of the most sought-after metals in international markets, pushing local prices to record highs.
Inside Karachi’s silver market
“This bar in my hand is raw silver,” explained a trader in Karachi’s bullion market. “Its current value is Rs5,850. From this bar, silver biscuits, 10-tola bars, and one-kilo bricks are produced. After adding manufacturing, stamping, and guarantee costs, the price has now reached Rs6,400 per tola.”
The fast-rising prices have made silver both a lucrative and risky investment, with traders calling it a “game of patience.”
Is investing in silver wise move?
Experts and goldsmiths caution that while silver prices are rising sharply, it remains a long-term investment that requires patience and market stability.
“Silver’s demand in technology and manufacturing is increasing, but it’s not a get-rich-quick investment,” said one trader. “It rewards those who hold it for the long run.”
