In the United Arab Emirates, silver is emerging as a lucrative investment option, offering substantial returns to both small and large investors. With its lower cost compared to gold and expanding industrial applications, silver has captured the attention of the investment community. Ashraf Malik, a Dubai-based businessman, exemplifies this trend. On September 1, 2025, Malik invested Dh9,614 in two kilograms of silver, purchasing it at Dh4,807 per kilogram. By October 20, silver prices had surged to Dh6,192 per kilogram, allowing Malik to sell his holdings for Dh12,384 and secure a profit of Dh2,770—a remarkable 30% return in less than two months. Malik remarked, ‘I didn’t expect such a quick rise. The returns were good enough to show silver can really be rewarding.’ The surge in silver prices is not an isolated phenomenon. According to Khaleej Times, silver has outperformed gold in 2025, with prices jumping from $28.78 per ounce in 2024 to nearly $50, a 73% increase. In contrast, gold prices rose by 52% during the same period. This trend has been fueled by silver’s growing industrial use in sectors such as technology, solar panels, and electronics, as well as its appeal as a more affordable alternative to gold. Retailers in the UAE have reported a significant uptick in silver demand. Chintan Patni, senior manager at Jewel Trading, noted, ‘There has been a massive increase in silver buyers as prices have continued to rise.’ During Diwali, the demand was so high that temporary shortages occurred. Vivek J, retail head at Malabar Gold and Diamonds, added that silver is becoming a preferred choice for investors seeking to diversify their portfolios or start with smaller investments. Analysts predict that silver’s upward trajectory will continue in the near to medium term, making it an attractive option for investors looking to capitalize on its potential.