Following a historic price surge and subsequent correction over the last 48 hours, silver rates have stabilized. Today’s rates in the major Sarafa Bazaars (Karachi, Lahore, Islamabad) are as follows:
| Measurement | Price in Pakistani Rupees (PKR) | Change vs. Feb 3 |
| Per Tola (24K Pure) | Rs. 8,965 | ▲ Approx. +Rs. 1,000 |
| Per 10 Grams | Rs. 7,684 | ▲ Approx. +Rs. 850 |
| Per Gram | Rs. 768.4 | ▲ Approx. +Rs. 85 |
Market Alert: Earlier this week (specifically on February 6), silver hit an all-time high of Rs. 13,003 per tola due to a global “short squeeze.” While the price has corrected since then, it remains significantly higher than the January average.
The “Silver Squeeze” of February 2026
The primary reason for the recent price explosion is a structural shift in global industrial demand.
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Solid-State Batteries: A major catalyst this week was the news regarding Samsung’s silver-carbon (Ag-C) composite anodes for next-generation EV batteries. These batteries require significantly more silver than traditional ones, sparking a global rush for physical metal.
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Solar Demand: Solar photovoltaics now consume over 20% of the world’s silver supply, providing a much higher “price floor” than in previous years.
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International Spot Price: Global silver is currently trading between $76 and $80 per ounce, a massive leap from the $28 range seen in late January.
Silver vs. Gold: The Gap is Closing
In February 2026, the gold-to-silver ratio is being watched closely. While gold prices have also risen, silver’s percentage gains have outperformed gold this month.
| Metal | Price Per Tola (Approx.) | Trend |
| 24K Gold | Rs. 519,462 | Volatile |
| Pure Silver | Rs. 8,965 | Consolidating |
Advice for Buyers & Investors Today
1. For Jewelry Buyers
If you are buying for a wedding or gift, today is a better entry point than two days ago. However, ensure you verify the “Ujrat” (making charges). With the high metal cost, many jewelers have increased their craftsmanship fees to 18–22% to cover insurance and security risks.
2. For Safe-Haven Investors
Silver is no longer just “poor man’s gold”—it is a strategic tech metal. Financial experts suggest:
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Avoid Plated Items: Only invest in 999 Fine Silver bars or coins.
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Wait for the “Dip”: Since the market is currently in a correction phase after the Rs. 13,000 peak, watch for a support level around Rs. 8,500 before making large bulk purchases.
Conclusion: A Brighter Future for Chandi
The silver rate in Pakistan on February 8, 2026, tells a story of a metal in transition. Driven by the green energy revolution and global supply deficits, silver has moved from a quiet commodity to a headline-grabbing asset. Whether you are buying for tradition or for your portfolio, staying informed of these daily shifts is no longer optional—it is a financial necessity.