Domestic silver prices
As of 9:45 am on April 11, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.848 - 2.918 million VND/tael (buying - selling); an increase of 28,000 VND/tael on the buying side and an increase of 29,000 VND/tael on the selling side compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 75.034 - 77.314 million VND/kg (buying - selling); an increase of 754,000 VND/kg on the buying side and an increase of 774,000 VND/kg on the selling side compared to yesterday morning.
The price of Kim Phuc Loc 999 silver bars (1 tael) of Saigon Thuong Tin Commercial Joint Stock Company Limited (Sacombank-SBJ) is listed at 2,841 - 2.925 million VND/tael (buying - selling); an increase of 15,000 VND/tael in both directions compared to yesterday morning.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.851-1.939 million VND/tael (buying - selling); an increase of 30,000 VND/tael on the buying side and an increase of 31,000 VND/tael on the selling side compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 76.026 - 78.373 million VND/kg (buying - selling); an increase of 800,000 VND/kg on the buying side and an increase of 827,000 VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 9:45 am on April 11 (Vietnam time), the world silver price was listed at 75.7 USD/ounce; an increase of 0.24 USD compared to yesterday morning.
Causes and forecasts
According to precious metals analyst Christopher Lewis from FX Empire, the silver market is currently experiencing a period of significant volatility as investors focus on monitoring two main factors: US interest rate policy and international geopolitical developments.
Specifically, the yield of 10-year US government bonds is fluctuating around the important level of 4.30%. This is considered a key threshold that directly affects investors' risk-taking psychology.
When yields exceed this level, the market tends to become unstable and investors will be more cautious. Conversely, if yields fall below this threshold, optimistic sentiment and willingness to take risks may return," he said.
Besides financial factors, the market is also affected by geopolitical developments, especially the upcoming negotiations between the US and Iran. If a ceasefire agreement is reached, market sentiment can be improved, thereby supporting silver prices to increase in the short term.
However, in the context of a still volatile market, Christopher Lewis believes that traders tend to be cautious and limit large transactions.
Experts also recommend that risk management is a key factor in the current period. "Unexpected news can appear at any time and cause strong volatility, so investors should maintain a reasonable position size to protect their accounts" - Christopher Lewis gave his opinion.
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