Silver (Egypt — spot & FRA funds)
Industrial metal in structural global deficit — Egypt adds FRA-regulated fund wrappers plus local bullion quotes. Higher volatility than gold; EGP/USD and dealer spreads matter as much as the London spot.
Directory for Egypt silver exposure: local 999-fine gram reference (~EGP 105/g retail, Sep 2026), two FRA silver funds (~EGP 146M combined AUM, ~22,300 investors at Jun 2026), and physical bullion bars. Beltone Evolve Silver Fund "Fadda" (~77% of sector AUM) and Mubasher silver fund (50–95% bullion allocation) — compare fees, redemption, and delivery rules to your mandate; not advice.
Physical 999 silver (bars/ingots), FRA open-end funds holding vaulted bullion, and EGP spot boards — industrial demand (solar, EV, electronics) drives global price; ~70% of mine supply is a byproduct of other metals.
Research Pend publishes — not investment advice. Users apply their own mandate.