Amidst the continuous escalation of silver prices on the market and reaching the highest level in many years, not only silver bars and silver ingots but also all kinds of jewelry silver, old silver, and small silver have simultaneously increased in price.
Seizing this opportunity, many people in mountainous areas have taken silver items accumulated for a long time to sell to earn extra income.
In recent days, in many mountainous localities, silver trading activities have become bustling. Many people bring bracelets, necklaces, and silver bracelets that have faded, or even broken, to resell to purchasing agents.
Silver is no longer something "left for show", but is seen as an asset that can be converted into cash as soon as the price rises.
Ms. Bui Thi Van (Kim Boi commune, Phu Tho province) said that her family has had a few silver necklaces worn for a long time, now they are all faded and no longer in use.
Seeing someone collecting old silver at a fairly high price, she collected broken necklaces and broken bracelets to sell. In total, she sold about 30g of silver, earning more than 2 million VND.
“Unexpectedly, old silver stored for a long time in the cabinet can now be sold for money. I use this money to spend on living expenses in the family,” Ms. Van shared.
According to Ms. Van, because the purchase and sale are not carried out at a fixed store, the purchase price difference between buyers is quite large.
Some people pay about 5.5 million VND/100g, but some people are willing to buy 6–7 million VND/100g, depending on the time and agreement.
Sharing the joy, Ms. Hoang Kim Ngan (Hoa Binh ward) also collected scraps of silver from old, damaged jewelry from the drawer.
I gathered some items to sell and also got nearly 10 million VND, a not small amount of money, which also helps me have an extra amount of money to cover extra expenses for this Tet holiday," Ms. Ngan said.
From the perspective of a collector, Ms. Bui Thi Huong (Kim Boi commune, Phu Tho province) said that the silver she buys from people will be sold to gold and silver shops for melting, refining and reprocessing.
Currently, she is buying silver at a price of about 5.5 million VND/100g.
In recent days, quite a few people have brought silver to sell, mainly silver coins stored for a long time or faded silver jewelry left by their parents as dowry for their children and grandchildren," Ms. Huong said.
According to Ms. Huong, S925 silver is usually bought at a higher price because of its stable silver content.
Meanwhile, old silver bracelets, bracelets or silver coins that are decades old, even nearly a hundred years old, are often priced lower due to uneven quality.
Updated today, silver prices on the market continue to remain at a high level.
Specifically, Phu Quy 999 1 tael silver bars are currently listed at 4.381 million VND/tael (buying) and 4.516 million VND/tael (selling). Phu Quy 999 silver bars (5 taels, 10 taels) also maintain the same price.
Notably, Phu Quy 999 fine art silver coins have a selling price of up to 5.154 million VND/tael. For Phu Quy 999 silver bars type 1 kg, the transaction price ranges from 116.8 - 120.4 million VND/kg.
For other branded silver lines, 999 silver of over 1,500 taels is purchased at about 3.82 million VND/tael, sold at 4.381 million VND/tael; 999 silver under 1,500 taels has a lower buying price, about 3.7 million VND/tael, but the selling price is still close to the 4.38 million VND/tael mark.
The high price level makes small change and old jewelry silver in mountainous areas "worth more" than before, creating a wave of people taking silver accumulated for many years to sell to take profits.
However, small traders also recommend that people should refer to prices in many places, choose reputable purchasing points to avoid being pressured on prices in the context of strong market fluctuations.
