Silver shines as Pakistanis rush to buy ‘poor man’s gold’ seeking long-term returns

ISLAMABAD: Islamabad’s jewelry markets present the scene of a haunted town as deserted shops await customers amid sky high gold prices, even during the peak wedding seasons. As the precious yellow metal gets out of reach for a common man, silver, its cheaper cousin, has seen an unprecedented rise in demand in past few months, not for jewelry but bullions. Over the past year, the prices of silver have increased by approximately $13.32, or 39.30 percent, per ounce globally, according to silverprice.org monitor.

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