Thursday 05/February/2026 – 06:08 PM
Oz trading indicators recorded Silver In the American market, today, Thursday, February 5, 2026, there were declines of up to 18% in the precious metals exchange, for the third day in a row in the violent correction waves witnessed by the rare white precious metal market in the global market, bringing the price to the price area of $72.23 after its prices touched the $105 area.
Silver falls 18% in spot transactions, reaching $72.23
Spot silver prices recorded a decline of more than 9% to trade near the level of $80 per ounce, while silver futures contracts on the New York Stock Exchange fell by more than 5% to record about $79.6 per ounce.
In the previous days, silver witnessed a historic rise, before it suffered a sharp collapse that approached 30% last Friday, and achieved gains of about 146% on an annual basis during 2025, according to data from the London Stock Exchange Group.
Nadi Najib, a member of the Gold and Jewelry Division and former secretary of the division, said that the market is currently witnessing a significant demand for purchasing silver bullion at a rate of up to 35%, as an alternative to gold during the current period, pointing out that 1000 pure silver bullion has the highest demand in the market.
Naguib explained, in a statement to Cairo 24, that the demand for silver has increased significantly due to citizens turning to it as an investment opportunity, especially with expectations of continued rise in its prices, noting that the price of 1000 pure silver has risen today by 20 pounds to reach 170 pounds.
He added that the rise in silver prices is due to the increased demand for it, in addition to its entry into many different industries, as well as the tendency of an increasing number of investors to invest in it, stressing that the demand for silver rose by 35% in conjunction with the rise in gold prices.
