Despite the significant decline in #Silver prices in the #GlobalMarket market, there is no clear downward trend in the local market of Pakistan yet. The main reason for this is that investors who had bought silver at high levels are no longer willing to sell it, which seems to be a wise decision. On the other hand, new buyers are already in the market and they are deliberately waiting for a correction in the market so that they can enter at a reasonable price.
This situation is also interesting because some time ago, an upper cost (i.e. premium or additional margin) of up to Rs. 5,000 per tola was going on locally. Everyone hoped that after the decline in global #prices , this upper cost would end and come down and a clear decline in local rates would also be seen.
But this has not happened so far, which has maintained an atmosphere of stability and caution in the market. This strategy of investors is supporting the market as a whole, while waiting for new entry points.
