Silver has outperformed gold in the UAE investment market, with a remarkable 33% gain this year compared to gold’s 17%.
Silver prices have soared to a decade-high, surpassing $30 per ounce and reaching Dh3,800 per kilogram.
According to Vijay Valecha, Chief Investment Officer at Century Financial, silver’s rally has been remarkable, with a Dh10,000 investment in January now worth Dh13,415. In contrast, the same investment in 24K gold would be worth Dh11,701.
Silver’s appeal lies in its dual role as a financial asset and industrial commodity, with growing demand from clean energy technologies and solar panels.
Experts predict continued growth, driven by geopolitical risks, Chinese retail demand, and debt concerns.
While gold remains a popular choice, silver’s affordability and potential for long-term growth make it an attractive alternative.
Investors can purchase physical silver in the form of bullion, coins, or jewelry, providing a tangible asset in uncertain economic times.
As the demand for precious metals continues to rise, silver’s shine is likely to endure, offering a compelling investment opportunity for those looking to diversify their portfolios.
