Silver Price in Jordan​ Today – Live Updates

Silver in Jordan is considered a store of value and an attractive investment alternative to gold. It also lies at the heart of traditional jewelry and handicrafts worn by Jordanians. Whether you’re an investor looking to diversify your portfolio or a buyer seeking a unique silver piece, understanding the local market is your first step toward a sound decision.

Key tips for buying or investing in silver in Jordan

Deciding to buy silver—whether for saving, investing, or adornment—requires knowledge and due diligence. Here are essential tips for Jordanians to ensure a safe and smart purchase:

1. Define your goal first: investment or adornment?

• For investment and saving (raw silver): Focus on silver bars or ounces (troy ounces) with higher purity, namely .999. This type is best for preserving capital value, as its price tracks the global silver price without high making charges.
• For jewelry and ornaments: Silver crafts in Jordan are popular in various purities such as .925 (sterling silver). Remember that the final price includes the making (fabrication) fee, which you won’t recoup when selling.

2. Look for the official hallmark: proof of authenticity

All gold and silver jewelry and bullion in Jordan are regulated by the Jordan Standards and Metrology Organization (JSMO). When buying, ask the jeweler to show you the item’s official JSMO hallmark, which confirms its fineness and correct weight. Trusted bars also carry recognized international stamps.

3. Choose a reputable seller

To ensure genuine silver at a fair price, deal with trusted sources:

• Jordanian banks: A number of local banks—such as Bank al Etihad—offer clients the ability to buy and sell investment-grade silver bars directly through their banking apps, providing high levels of reliability and security.
• Major jewelry shops: Choose well-known shops in established markets—such as the Gold Souk in Downtown Amman—that adhere to posting official prices.
• Authorized dealers: Jordan has specialized dealers who import and sell precious-metal bars.

4. Get an itemized invoice

You have the right to receive a detailed purchase invoice. Make sure it clearly includes:

• The shop’s name and official stamp
• Purchase date
• Precise item description (bar, ring, bracelet, etc.)
• Weight in grams
• Silver fineness (purity)
• Price per gram at the time of purchase
• Making/fabrication fee (if any)
• Total amount paid

5. Understand the factors that drive the price

Like gold, the price of silver in Jordan isn’t set locally alone; it’s influenced by global factors, chiefly:

• Global silver price: Silver is priced internationally in US dollars on global exchanges.
• USD exchange rate: The relationship between the Jordanian dinar and the US dollar directly affects the final price.
• Global supply and demand: Industrial demand is a key driver—silver isn’t just a precious metal; it’s a critical material in many technology industries.

6. Think about secure storage

If you’re investing in quantities of silver bars, plan ahead for secure storage—whether by renting a safe deposit box at a bank or using a sturdy home safe.

By following these tips, you can enter Jordan’s silver market with confidence and clarity—whether you’re seeking a promising investment opportunity or an elegant piece of jewelry with lasting value.