Domestic silver prices
As of 9:05 am on May 10, the price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company was listed at 3.037 - 3.131 million VND/tael (buying - selling).
In the previous week's trading session (morning May 3, 2026), the price of 999 silver (1 tael) of DOJI Gold and Gems Group Joint Stock Company was listed at the threshold of 2.845 - 2.953 million VND/tael (buying - selling).
Thus, if you buy 999 silver (1 tael) from DOJI Gold and Gems Group Joint Stock Company on May 3, 2026 and sell it on this morning's session (May 10, 2026), the buyer makes a profit of 84,000 VND/tael.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at 3.037 - 3.131 million VND/tael (buying - selling).
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 80.986 - 83.493 million VND/kg (buying - selling).
In the previous week's trading session (morning May 3, 2026), the price of 999 silver ingots (1kg) at Phu Quy Jewelry Group was listed at 76.133 - 78.479 million VND/kg (buying - selling).
Thus, if you buy 999 silver ingots (1kg) at Phu Quy Jewelry Group on May 3, 2026 and sell them on this morning's session (May 10, 2026), buyers will make a profit of 2.507 million VND/kg.
World silver price
On the world market, as of 9:05 am on May 10 (Vietnam time), the world silver price is listed at 80.31 USD/ounce.
Causes and forecasts
This week, gold and silver prices recorded a breakthrough increase in the context of the market reacting to the US April jobs report, which showed results exceeding expectations and increased volatility in the precious metals market.
The April jobs report showed that the US created 115,000 jobs, about 65,000 higher than forecast, while the unemployment rate remained at 4.3%. Although the labor market continues to slow down, the data is still weak enough to boost expectations of strong interest rate cuts.
Mr. Phillip Neuhart - Head of Market Research at First Citizens Wealth - said that the labor market is currently in a state of "low recruitment, low dismissal". This creates a balance for gold and silver: both supporting expectations of policy easing, but not weak enough to force the US Federal Reserve (Fed) to act early.
Investors are also closely monitoring the diễn biến of the USD, US bond yields and fuel prices in the context of increasing Middle East tensions - factors that could continue to affect price fluctuations of precious metals.
Technically, the analysis group at Kitco said that spot silver prices are being monitored with important levels.
If the upward trend is maintained, the price may head towards the 83 USD/ounce resistance zone, then 90 USD/ounce, and further to the 95 USD/ounce zone. In the opposite direction, selling pressure will increase if the price breaks through the 72 USD/ounce mark, with subsequent support zones at 70 USD/ounce and deeper at 61 USD/ounce respectively.
See more news related to silver prices HERE...
