Domestic silver prices
As of 10:40 am on April 14, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.884 - 2.955 million VND/tael (buying - selling); an increase of 98,000 VND/tael on the buying side and an increase of 101,000 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 75,990 - 78,300 million VND/kg (buying - selling); an increase of 2.534 million VND/kg on the buying side and an increase of 2.614 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 the threshold of 2.886 - 2.970 million VND/tael (buying - selling); an increase of 96,000 VND/tael in both buying and selling 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 2.892 - 2.981 million VND/tael (buying - selling); an increase of 112,000 VND/tael on the buying side and an increase of 115,000 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 77.119 - 79.493 million VND/kg (buying - selling); an increase of 2.986 million VND/kg on the buying side and an increase of 3.067 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 10:40 am on April 14 (Vietnam time), the world silver price was listed at 76.94 USD/ounce; an increase of 2.63 USD compared to yesterday morning.
Causes and forecasts
Silver prices fell sharply right at the opening of the first session of the week but quickly reversed and recovered. This development shows that buying power is still present, especially when prices adjust down low.
According to precious metals analyst Christopher Lewis from FX Empire, the silver market is currently quite stable, with no signs of major fluctuations in the short term. Investors tend to take advantage of downtrends to buy in, instead of pushing prices up sharply.
Technically, the 70 USD/ounce threshold is considered an important milestone to monitor in the long term, as this was previously an accumulation zone.
However, Christopher Lewis believes that pressure from high interest rates in the US is still a factor that weakens silver prices, in the context of unresolved geopolitical instability. This makes investors maintain a cautious mentality, limiting risky decisions.
However, the market still faces supply issues, which may support the upward trend in the long term. In the context of high risks from news, investors should maintain a small proportion and be cautious with disbursement decisions" - Christopher Lewis gave his opinion.
See more news related to silver prices HERE...
