Domestic silver prices
As of 10:00 AM on April 1st, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at 2.798 - 2.867 million VND/tael (buying - selling); an increase of 89,000 VND/tael on the buying side and an increase of 91,000 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 73.714 - 75.954 million VND/kg (buying - selling); an increase of 2.358 million VND/kg on the buying side and an increase of 2.428 million 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 2.814 - 2.910 million VND/tael (buying - selling); an increase of 78,000 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 2.796 - 2.882 million VND/tael (buying - selling); an increase of 97,000 VND/tael on the buying side and an increase of 100,000 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 74.559 - 76.853 million VND/kg (buying - selling); an increase of 2.586 million VND/kg on the buying side and an increase of 2.667 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 10:00 AM on April 1st (Vietnam time), the world silver price was listed at 73.99 USD/ounce; an increase of 1.72 USD compared to yesterday morning.
Causes and forecasts
Spot silver prices recorded a slight increase in the trading session on Wednesday, as the market gradually recovered after a strong sell-off last week - when prices fell to their lowest level since December 10, 2025.
However, according to precious metal analyst James Hyerczyk of FX Empire, this is likely just a technical rebound due to oversold status, instead of a sign of a sustainable trend reversal.
Notably, he said that the developments of the silver market are currently heavily influenced by news factors rather than the fundamentals. Recent statements by US Federal Reserve (Fed) Chairman Jerome Powell have contributed to reassuring the market, as he said the Fed is not in a hurry to raise interest rates despite rising fuel prices. This information helps reduce concerns about tight monetary policy, thereby supporting silver prices.
In addition, news about the possibility of cooling geopolitical tensions in the Middle East contributes to improving investor sentiment.
The decrease in US bond yields after this information has created conditions for silver prices to rise slightly in the first session of the week. However, the current increase is still not enough to confirm a clear upward trend, which mainly reflects the market's "downward pressure" sentiment" - James Hyerczyk said.
In the short term, James Hyerczyk believes that investors will continue to closely monitor the reaction of silver prices around the threshold of 74.63 USD/ounce. This is considered an important "knot", which can determine whether the market will enter a new upward phase or return to a correction trend.
See more news related to silver prices HERE...
