Investors in Hong Kong are turning to silver bars as gold becomes “too expensive,” with hundreds sold out in hours at major precious metals shops. Retirees and workers queued from early morning to secure silver, seeing it as a safer and more affordable alternative amid record gold prices of $5,588/oz.
Silver, too, hit an all-time high above $119/oz, up 60% this year, fueled by geopolitical tensions and inflation worries. Experts say retail and institutional investors are diversifying portfolios, while central banks increase gold allocations. Many locals are also selling old gold to capitalize on the surge.
“The market is reacting strongly to Trump’s policies and global uncertainties,” said economists, highlighting how geopolitical developments and inflation are driving the precious metals rally. Silver is now seen as the “real safeguard” for wealth protection, offering a quick, accessible alternative for ordinary investors seeking security and potential profit.
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