Domestic silver prices
As of 10:15 am on August 14, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Jewelry Company was listed at the threshold of 2.256 - 2.314 million VND/tael (buying - selling); down 40,000 VND/tael on the buying side and down 41,000 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 59.366 - 61.206 million VND/kg (buying - selling); down 1.064 million VND/kg on the buying side and down 1.094 million VND/kg on the selling side compared to yesterday morning.
The price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company is listed at the threshold of 2.263 - 2.338 million VND/tael (buying - selling); down 39,000 VND/tael on the buying side and down 40,000 VND/tael on the selling side 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 2.268 - 2.338 million VND/tael (buying - selling); down 39,000 VND/tael on the buying side and down 40,000 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 60.479 - 62.346 million VND/kg (buying - selling); down 1.040 million VND/kg on the buying side and down 1.067 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 10:15 am on August 14 (Vietnam time), the world silver price was listed at 64.1 USD/ounce; down 1.47 USD/ounce compared to yesterday morning.
Causes and forecasts
Silver prices continue to fluctuate around the 65 USD/ounce range. The market is lacking strong enough momentum to determine the next trend.
Interest rates in the US are slightly decreasing, creating more support for silver prices. However, developments in the Middle East are still a noteworthy factor, because instability in this region may affect oil prices, inflation and US interest rate policies.
According to precious metals analyst Christopher Lewis, if silver prices exceed 65.50 USD/ounce, the upward momentum may be strengthened and head towards the 70 USD/ounce mark.
Conversely, if the price drops sharply, silver may fall back to 60 USD/ounce. This will be a signal that selling pressure is increasing.
Experts believe that the silver market is currently in a state of stalemate. Prices have continuously fluctuated in recent sessions but the direction has not been clearly defined. Investors are waiting for new signals from US interest rates and geopolitical situation to determine the next trend.
The information in the article only reflects market developments, not investment recommendations. Investors need to carefully consider risk factors before making a decision.
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