Recently, besides the bustling scene of people buying at gold shops, many silver shops have also recorded a sharp increase in the number of transactions. Not only jewelry, silver bars and silver ingots are gradually becoming a choice as savings assets for a part of the population in the context of constantly fluctuating gold prices.
Sharing with reporters, Ms. Nguyen Phuong Ha (Hai Ba Trung ward, Hanoi) said that she started switching to buying silver bars from the beginning of this year, instead of accumulating gold as before.
The current gold price is quite high, each time buying you have to prepare a large amount of money. Meanwhile, silver has a more affordable price, so I can still maintain periodic savings. I determine that this is a long-term accumulation, so priority is given to suitability with financial capacity" - Ms. Ha said.
According to Ms. Ha, although gold can be bought retail, the total value of each transaction is still relatively large, while silver helps her to actively accumulate more often without putting pressure on monthly spending.
Meanwhile, Mr. Tran Minh Quan (Cau Giay ward) sees silver as a channel to diversify assets besides gold. He said that so far he has accumulated about 20 taels of silver bars, in parallel with holding gold.
No one knows for sure which direction gold prices will go in the long term. I think keeping more silver is also a way to disperse risks. Silver has its own value, and has the potential to increase according to industrial demand, so I think this is a worthwhile choice to consider" - Mr. Quan shared.
Mr. Quan also added that buying silver bars is currently quite convenient when many stores provide products with clear origins and diverse weights. This helps buyers easily choose according to their accumulation goals.
From another perspective, Ms. Le Hoai Phuong (Dong Anh commune) said that the main reason she chose silver bars is because it is suitable for her personal financial ability. As an office worker with an average income, Ms. Phuong believes that accumulating gold sometimes creates great pressure.
I think silver is very suitable for people like me. For example, a amount of silver is only about 3 million VND, I can buy it without having to consider too much. Each month, I deduct a small amount to buy silver, and gradually it becomes a significant savings" - Ms. Phuong said.
Ms. Phuong added that owning small silver pieces helps her feel "easier to breathe" financially. When necessary, she can also sell each part without greatly affecting her spending plan.
Silver price update
As of 12:00 on April 26, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.842 - 2.912 million VND/tael (buying - selling); keeping both buying and selling directions unchanged compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at the threshold of 74.874 - 77.154 million VND/kg (buying - selling); keeping both buying and selling directions unchanged compared to yesterday morning.
The price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company is listed at the threshold of 2,858 - 2,967 million VND/tael (buying - selling); keeping both buying and selling directions unchanged compared to yesterday morning.
On the world market, as of 12:05 PM on April 26 (Vietnam time), the world silver price was listed at 75.53 USD/ounce.
See more news related to silver prices HERE...
