Interest in precious metals is growing in Saudi Arabia. Not only gold, but silver is also gaining traction as a good savings option for those looking to diversify their portfolios. As 2026 approaches, the world is watching closely for silver price forecasts and their potential impact on the current price of silver in the Kingdom.
In this blog post from Ruby Store, we will review the price of an ounce of silver and the factors that will affect the silver market in the coming year to help you make more informed and smarter financial decisions.
Global factors affecting the price of silver today
The price of silver today depends on multiple global variables, similar to those affecting the price of gold, but with a key difference: the level of industrial demand. Order a Saudi silver riyal weighing 11.7 grams here .
Among the most important factors affecting the price of an ounce of silver worldwide are:
- Rise or fall in US interest rates.
- The movement of the US dollar in the markets.
- There is increasing industrial demand for silver, as it is used in the fields of technology and solar energy.
All these reasons and factors determine the state of the silver market and the trends in silver price changes worldwide during 2026.
Local indicators for the silver market in Saudi Arabia
The silver market in Saudi Arabia is active, thanks to the growing awareness among Saudis of the importance of saving and their tendency to invest their money in precious metals. The price of silver in Saudi Arabia today depends on several local factors, the most important of which is the price of a 100-gram silver ingot (see here).
- The volume of demand for silver bullion and silver coins.
- The purchasing power of the Saudi riyal against the dollar has changed.
- Seasonal factors, as demand increases during certain periods such as holidays and special occasions.
Monitoring the price of an ounce of silver can reveal market movements, allowing a person to choose the best time to buy or sell.
Silver price forecast for 2026
Preliminary analyses indicate the possibility of a gradual increase in the price of an ounce of silver during 2026. This is due to increased demand for silver from factories around the world, especially in the fields of clean energy and electronics.
Experts anticipate that the silver market in Saudi Arabia will be affected by this trend, with silver prices expected to rise gradually starting in the second half of the year. A weaker dollar or rising global inflation could further fuel price increases. Therefore, monitoring the price of an ounce of silver is crucial for anyone saving or looking to invest in silver.
Best ways to profit from silver price forecasts
To make the most of the silver market, you should follow these tips:
- Follow the price of silver today; this helps you know the best time to buy or sell.
- Monitor the movement and changes in the price of an ounce of silver worldwide, as its price is the most important factor in changing local prices.
- Choose a trusted store like Ruby Bullion and Gold to buy genuine and guaranteed silver bullion.
- Diversify your savings; convert some money into gold and some into silver to achieve long-term financial balance.
Overall, the silver market looks promising for 2026 based on current indicators, with prices expected to rise gradually over time. By monitoring today's silver price and the price per ounce, you will better understand your ideal savings opportunities.
Since correct decisions start with correct information, follow the Ruby Bullion and Gold Store blog to receive all the latest updates regarding gold market forecasts and price movements in the Kingdom with confidence and accuracy.