Domestic silver price
As of 9:30 a.m. on July 13, the price of 999 silver bars at Phu Quy Jewelry Group was listed at 1,460 - 1,505 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday morning.
The price of 999 gold bars at Phu Quy Jewelry Group was listed at 1,460 - 1.505 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday morning.
At the same time, the price of 999 taels of silver (1kg) at Phu Quy Jewelry Group was listed at 38,933 - 40,133 million VND/kg (buy - sell); unchanged in both buying and selling directions compared to yesterday morning.
In the trading session last week (morning of July 6, 2025), the price of 999 taels (1kg) at Phu Quy Jewelry Group was listed at 37.413 - 38.559 million VND/kg (buy - sell).
Thus, if buying 999 taels of silver (1kg) at Phu Quy Jewelry Group in the session of July 6 and selling in this morning's session (July 13), buyers will make a profit of VND374,000/kg.
World silver price
On the world market, as of 9:31 a.m. on July 13 (Vietnam time), the world silver price was listed at 38.31 USD/ounce; unchanged from yesterday morning.
Causes and predictions
Silver prices continued to increase in the trading session at the end of the week, reflecting investors' optimism towards market developments. "Investing in silver is not simply a financial decision, but increasingly reflects a lifestyle trend, especially after silver prices hit a peak since 2011," said Phillip Streible, chief market strategist.
He believes that a " commodity super cycle" is taking place. Silver is valued not only as a financial asset, but also an indispensable raw material in production, especially in clean energy technologies such as solar panels.
"The silver market is currently experiencing a supply shortage for the fifth consecutive year, and a crisis could be approaching," said Phillip Streible.
Meanwhile, according to the latest report from the Silver Institute (SI), experts at SI said that trading in bullion and currency will be more active in the coming time. However, they also note that demand for newly cast silver products may remain weak.
"If silver prices surpass $40 an ounce, the market could react unpredictably. At that time, some investors may choose to take profits, while others rush to buy in the expectation that prices will continue to increase" - experts at SI gave their opinion.
See more news related to silver prices HERE...
