AZE.US
Silver prices in Azerbaijan have risen sharply over the past year, outpacing gains in gold and drawing increased attention from retail buyers and small-scale investors.
Market sellers report that the retail price of silver has climbed from roughly 4-5 manats per gram a year ago to about 13-15 manats today. Purchase prices for scrap silver have also increased significantly, in some cases tripling, reflecting broader global trends rather than local supply constraints.
Analysts attribute the surge to a combination of geopolitical uncertainty, strong performance in precious metals, and the widening affordability gap between gold and silver. As gold prices move higher, investors with more limited capital are increasingly turning to silver as an alternative store of value, reinforcing upward pressure on demand.
The relationship between the two metals remains a key driver. Historically, sustained rallies in gold tend to spill over into silver markets, often with greater percentage gains due to silver’s lower base price and higher volatility. Recent investment flows suggest a similar pattern may now be forming.
Economists expect demand for silver investment to remain elevated in the near term, particularly if global risk conditions persist and gold continues trading at high levels. Under such circumstances, silver prices could remain supported, though analysts caution that the metal’s volatility also makes rapid corrections possible.
The recent rally therefore reflects not only price dynamics in precious metals, but a broader shift in investor behavior toward more accessible hedging assets during periods of uncertainty.