Domestic silver prices
As of 10:00 AM on March 1st, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company is listed at 3.502 - 3.588 million VND/tael (buying - selling).
The price of 2025 Ancarat 999 (1kg) silver ingots at Ancarat Gem Company is listed at 92.370 - 95.180 million VND/kg (buying - selling).
In the previous week's trading session (morning of February 22, 2026), the price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company was listed at 83.006 - 85.526 million VND/kg (buying - selling).
Thus, if you buy 2025 Ancarat 999 silver ingots (1kg) at Ancarat Gem Company on February 22, 2026 and sell them on this morning's session (March 1, 2026), the buyer will make a profit of 6.844 million VND/kg.
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 3.471 - 3.573 million VND/tael (buying - selling).
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at 3.505 - 3.613 million VND/tael (buying - selling).
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 93.466 - 96.346 million VND/kg (buying - selling).
In the previous week's trading session (morning of February 22, 2026), the price of 999 silver ingots (1kg) at Phu Quy Jewelry Group was listed at 84.106 - 86.719 million VND/kg (buying - selling).
Thus, if you buy 999 silver ingots (1kg) at Phu Quy Jewelry Group on February 22, 2026 and sell them on this morning's session (March 1, 2026), buyers will make a profit of 6.747 million VND/kg.
World silver price
On the world market, as of 10:00 AM on March 1st (Vietnam time), the world silver price is listed at 93.59 USD/ounce.
Causes and forecasts
Bank of America has just issued a positive forecast on Wall Street about the silver market. Mr. Michael Widmer - Director of metal research at the bank - said that silver prices could fluctuate in the range of 135 - 309 USD/ounce before the end of 2026.
The forecast range is very wide, but according to the analysis of this bank, the above prices are not "unrealistic" scenarios. The main basis lies in the gold/silver ratio - a measure of the number of silver ounces needed to buy an ounce of gold. Currently, this ratio is around 59:1.
Mr. Widmer's argument is that silver usually increases slower than gold in the early stages of the uptrend cycle, but breaks through strongly towards the end of the cycle. The 2011 development is a typical example when silver prices tripled in 18 months, while gold increased by about 80% in the same period. According to this view, if gold has entered a solid uptrend cycle, silver may be a more profitable asset in the later stage.
In fact, the silver market recently showed a very large level of volatility. The price once peaked at 121.67 USD/ounce at the end of January, then plunged 36% to 75 USD/ounce in just a few days and then recovered to around 81.50 USD/ounce. According to Mr. Widmer, this deep decline is more technically adjusted than a sign of long-term trend reversal.
The developments of gold also play a key role. Bank of America believes that in an optimistic scenario, gold prices could reach the 6,000 USD/ounce mark. If this happens, the pressure to narrow the gold/silver ratio will increase further, thereby expanding the room to increase silver prices.
In the context of the global commodity market fluctuating strongly and the precious metal cycle is said to be entering a new phase. If supply-demand factors and gold price trends continue to be in sync, silver may become the focus of the precious metal market in the next two years" - Michael Widmer said.
See more news related to silver prices HERE...
