For Pakistani investors and precious metal buyers, silver remains one of the most searched commodities after gold. Whether you are planning to buy physical silver, invest digitally, or simply track daily movements, knowing the silver price in Pakistan today is essential.
As of February 15, 2026, Pakistan’s silver market is experiencing high volatility but gradual recovery after the massive global price crash in late January. Although rates are lower than the speculative peaks of early February, they are still much higher than 2025 levels due to strong industrial demand and global supply shortages.
Silver Price in Pakistan Today (February 15, 2026)
The following bullion rates are applicable in major cities such as Karachi, Lahore, and Islamabad:
| Measurement | Silver Price in PKR | 1-Week Trend |
|---|---|---|
| Per Tola (11.66g) | Rs. 10,603 | Moderate Recovery |
| Per 10 Grams | Rs. 9,088 | Moderate Recovery |
| Per Gram | Rs. 908.8 | Moderate Recovery |
Note: Jewelry shop prices may include 15%–25% extra charges for making, wastage, and local taxes.
Why Are Silver Prices Volatile in Pakistan?
Silver is naturally more volatile than gold, and 2026 has amplified this behavior. Key reasons include:
1. Strong US Economic Data
Unexpectedly strong US employment and growth figures in early February strengthened the US Dollar. This caused a temporary sell-off in non-yielding assets like silver.
2. Price Correction After January Rally
Silver experienced a sharp speculative rally in January. February’s decline is mainly a healthy correction toward fair value.
3. Rising Industrial Demand
Around 60% of global silver consumption now comes from:
- Solar panels
- Electric vehicle (EV) batteries
- Electronics & AI hardware
This industrial usage creates a strong price floor, preventing a deep collapse.
Silver vs. Gold Price Comparison (February 2026)
| Metal | Price Per Tola (Approx.) | Market Sentiment |
|---|---|---|
| 24K Gold | Rs. 528,562 | Bullish / Stable |
| Pure Silver | Rs. 10,603 | Volatile / Recovering |
Insight: Gold remains stable near record highs, while silver offers higher risk but higher potential return.
Expert Investment Advice for 2026
- Avoid Panic Buying or Selling
The market is moving sideways. Sudden large investments are risky. - Use Rupee Cost Averaging (RCA)
Buy small quantities weekly or monthly to reduce price risk. - Consider Digital Silver
Digital platforms allow fractional buying and remove storage and security issues. - Long-Term View
If you believe in renewable energy, EVs, and AI growth, silver remains a strong long-term asset.
Future Silver Price Forecast in Pakistan
Analysts expect that if industrial demand remains strong, silver could gradually climb toward Rs. 12,000 per tola by mid-2026, with further upside possible in 2027.
Frequently Asked Questions (FAQs)
Is the silver bull run over in 2026?
No. The speculative bubble ended in January, but the fundamental supply deficit still exists, supporting higher long-term prices.
Should I sell my silver now?
If you purchased at peak levels, selling now may lock in losses. Most experts recommend holding for medium to long-term gains.
Where can I check daily silver rates in Pakistan?
You can follow daily updates from the All Pakistan Gems and Jewellers Sarafa Association, which releases official bullion rates after 4:00 PM (PKT).
Conclusion
The silver price in Pakistan today (February 15, 2026) reflects a market in recovery after extreme volatility. While short-term fluctuations will continue, strong industrial demand and limited global supply make silver a promising long-term investment option for Pakistani investors.