Domestic silver prices
As of 9:55 am on April 16, the price of Kim Phuc Loc 999 silver bars (1 tael) of Saigon Thuong Tin Commercial Joint Stock Company Limited (Sacombank-SBJ) was listed at 3,000 - 3,090 million VND/tael (buying - selling); an increase of 12,000 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 3.006 - 3.099 million VND/tael (buying - selling); an increase of 7,000 VND/tael in both directions compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 80.159 - 82.639 million VND/kg (buying - selling); an increase of 186,000 VND/kg in both directions compared to yesterday morning.
World silver price
On the world market, as of 10:05 am on April 16 (Vietnam time), the world silver price was listed at 80.15 USD/ounce; up 0.06 USD compared to yesterday morning.
Causes and forecasts
Since the beginning of 2026, the precious metals market has witnessed a clear differentiation between gold and silver. Gold prices have increased by about 26%, to nearly 4,750 USD/ounce in this morning's session. Meanwhile, silver only recorded a modest increase of about 4.6% in the same period.
According to financial analyst Przemysław Radomski at FX Empire, this development makes the gold-silver ratio currently at about 63.8:1, a sharp increase compared to the lowest level in January, which was about 45:1 - the time when silver prices once broke through significantly.
He said that this difference stems from the different characteristics of the two metals. Gold is mainly considered a monetary asset, directly benefiting from safe-haven demand in the context of economic instability and reduced real interest rates. Conversely, silver is both monetary and plays an important role in industrial production, making price movements more complicated in the short term.
But currently, a stagnant inflation scenario could open up opportunities for silver. With "double nature", silver is likely to benefit simultaneously from two drivers: increased monetary demand as real interest rates fall, and industrial demand maintained by structural sectors such as solar energy, electric vehicles, artificial intelligence data centers and the semiconductor industry" - Przemysław Radomski said.
Przemysław Radomski added that these sectors are assessed as less sensitive to a slight recession than discretionary spending industries, thereby helping to maintain demand for silver. Meanwhile, gold is still mainly dependent on its role as a safe haven asset.
The upcoming developments of the precious metals market will therefore greatly depend on the global macroeconomic trajectory, especially the growth outlook and interest rate policy" - Przemysław Radomski gave his opinion.
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