Silver prices increase, people line up all night, bringing notebooks and pens to write names to reserve seats

Phan Anh | 30/01/2026 06:30

From late evening on January 29 to early morning on January 30, on Tran Nhan Tong street and Cau Giay street (Hanoi), many people lined up all night to wait to buy silver.

By 0:00, there were dozens of people queuing in front

Recorded by Lao Dong Newspaper reporters from 11 pm on January 29 to dawn on January 30, at many silver business stores on Tran Nhan Tong street and Cau Giay street (Hanoi), hundreds of people flocked to queue to get numbers to buy silver for storage. The atmosphere heated up every hour, many people came from midnight but still "stay behind" a few dozen people.

In the Tran Nhan Tong street area, the crowd gathered very early. Notably, to avoid arguments, some people who arrived earlier actively prepared notebooks and pens, wrote their names in order to arrive, considering them as "self-managed lists" in the night.

Người dân xếp hàng mua bạc trong đêm, lần lượt ghi tên vào cuốn sổ tự phát để giữ thứ tự, tránh xảy ra tranh cãi. — People line up to buy silver at night, taking turns writing their names in spontaneous notebooks to maintain order, avoiding arguments.

Mr. D.M.Q (Vinh Tuy - Hanoi) said that he had waited many times at Tran Nhan Tong facility to buy silver: "I usually wait from 3:00 am, but today the market is hot, I arrived at 12:00 pm and more than 30 people arrived first. I borrowed from the bank to buy, interest rate 8.7%".

Nearby, Ms. V.N.L (Pho Hue ward - Hanoi) shared about having to temporarily put aside work to run to get numbers: "I close the store and run out to get numbers. I just occasionally buy a little fortune, not doing business or anything.

Nhiều người bất chấp cái lạnh về đêm, kiên nhẫn xếp hàng chờ đến lượt mua bạc. — Many people disregard the cold at night, patiently queuing to wait for their turn to buy silver.

Đáng chú ý, có người cho biết chấp nhận vay vốn ngân hàng, sử dụng lãi vay như một dạng “đòn bẩy tài chính” để mua bạc, với kỳ vọng giá tiếp tục tăng trong thời gian tới. — Notably, some people said they accepted bank loans, using loan interest as a form of "financial leverage" to buy silver, with the expectation that prices will continue to increase in the near future.

Một số hình ảnh phóng viên ghi nhận đêm 29, rạng sáng 30.1. — Some images recorded by reporters on the night of January 29 and early morning of January 30.

Despite the large number of people, the majority still tried to maintain order. Many people reminded each other to talk quietly, stand neatly to avoid affecting the surrounding residential area. "Noise is when people report to the ward to clear it" - a woman queuing reminded everyone while waiting.

Meanwhile, on Cau Giay street, the number of people gathering was recorded to be particularly large, with rows stretching hundreds of meters. Many people stood close to each other in the late night, continuously exchanging information about prices, opening times and serial numbers.

Ảnh: NVCC — Images recorded in front of a gold, silver and gemstone business store.

Hàng dài người xếp hàng ở đường Cầu Giấy . Ảnh: Khương Duy — Long lines of people queuing on Cau Giay street - Hanoi.

Silver prices rise sharply but should not "rush in" because of FOMO

The high increase in silver prices is creating great attraction and may help some investors earn significant profits. However, flocking to buy according to crowd psychology (FOMO) is potentially risky.

Buyers need to pay special attention to the large buying-selling price difference, making "interest on the board" not necessarily real profit. In addition, using financial/borrowing leverage to chase price waves can push risks very high if the market reverses or prices adjust, buyers are prone to loan interest pressure and unexpected losses.

Phan Anh