Hong Kongers snap up silver as gold becomes 'too expensive'

Hong Kong residents are increasingly purchasing silver bars as an alternative to gold, which has become too expensive due to record-high prices. A precious metals shop reported selling out of silver bars within an hour, driven by strong demand. Investors are turning to silver as a safe-haven asset amid rising geopolitical tensions and inflation. Economists note that central banks are diversifying into gold, while retail investors are also shifting their focus to precious metals. The surge in prices has led many to sell their gold jewelry, seeking to capitalize on the current market conditions.