Live Updates > Live Update Details
2025-10-19 15:14:44
South Korean silver bars are being sold out, forcing commercial banks to suspend sales. Driven by the continued rise in silver prices, demand for silver bars has exploded in South Korea. Data from the Korea Gold Exchange on the 17th indicated that the local silver price had reached 2,467 won (approximately 12 yuan) per gram, a year-to-date increase of nearly 70%, significantly outperforming gold over the same period. This surge in investment demand has led to tight market supply. So far this year, major South Korean commercial banks have sold 10.4 billion won (approximately 52.08 million yuan) worth of silver bars, a 13-fold increase compared to the same period last year. Faced with this shortfall, South Korean commercial banks and major precious metals platforms have announced a complete suspension of silver bar sales, effective the 20th of this month.
