Silver Price Summary — Monday, September 14, 2026
Silver (XAG/USD) is trading at $64.07 per troy ounce today, fell by 0.28% from yesterday's close of $64.25. In Pakistani Rupees, silver is priced at approximately Rs 17,764.69 per ounce and Rs 571.15 per gram at the current USD/PKR rate of 277.2700.
📉 Gold-to-Silver Ratio: 67.6:1 — The ratio is at a historically balanced level
What Drives Silver Prices?
1. Industrial Demand (55-60% of total demand)
Silver is essential in electronics, solar panels, electric vehicles, medical devices, and water purification systems. The global push toward green energy is a massive structural driver of silver demand. Each solar panel contains approximately 20 grams of silver, and with solar installations growing 30% annually, industrial demand for silver is on a sustained upward trajectory.
2. Investment Demand
Silver ETFs, coins, bars, and industrial investment products account for approximately 25-30% of total demand. When gold prices rise, investors often rotate into silver as a "cheaper" precious metal with potential for higher percentage gains.
3. Jewelry and Silverware
Silver jewelry demand, particularly from India, Pakistan, and the Middle East, accounts for approximately 15-20% of total demand. In Pakistan, silver is widely used in traditional jewelry, ornaments, and decorative items.
Technical Analysis
Support Levels: $65.00 (psychological), $62.50 (20-day MA), $60.00 (50-day MA)
Resistance Levels: $70.00 (psychological), $72.50 (recent high), $75.00 (multi-year high)
Silver in the Pakistani Market
| Unit | Price (PKR) | Price (USD) |
| Per Gram | Rs 571.15 | $2.06 |
| Per Tola (11.66g) | Rs 6,661.75 | $24.03 |
| Per Ounce | Rs 17,764.69 | $64.07 |
Silver Outlook
Short-term: Silver is likely to consolidate near current levels before the next directional move.
Medium-term: The structural outlook for silver is bullish. Growing solar energy capacity, electric vehicle production, and electronics manufacturing all point to sustained industrial demand growth.
Long-term: Silver's role in the green energy transition makes it one of the most compelling long-term precious metal investments.
This analysis is for informational purposes only and does not constitute financial advice. Silver prices are volatile and may change rapidly. Consult a qualified financial advisor before making investment decisions.