Domestic silver prices
As of 9:40 am on August 25, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.266 - 2.334 million VND/tael (buying - selling); down 50,000 VND/tael on the buying side and down 51,000 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 59.890 - 61.740 million VND/kg (buying - selling); down 1.266 million VND/kg on the buying side and down 1.306 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 2.339 - 2.443 million VND/tael (buying - selling); down 19,000 VND/tael on the buying side and down 21,000 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 2.296 - 2.367 million VND/tael (buying - selling); down 31,000 VND/tael on the buying side and down 32,000 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 61.226 - 63.119 million VND/kg (buying - selling); down 827,000 VND/kg on the buying side and down 854,000 VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 9:40 am on August 25 (Vietnam time), the world silver price was listed at 67.65 USD/ounce; down 1.39 USD/ounce compared to yesterday morning.
Causes and forecasts
Silver prices are trending less positively than gold as defensive cash flow focuses on assets considered safe havens.
According to precious metals analyst James Hyerczyk, spot silver prices are currently around 69 USD/ounce, while gold prices increased by 1.51%. Both precious metals are supported by developments related to government bonds, the USD and the public debt situation. However, according to experts, silver has not attracted strong buying power from investors seeking safe assets like gold.
Mr. James Hyerczyk said that the diễn biến of silver prices this week will depend heavily on macroeconomic factors. In which, the market pays special attention to the US PCE inflation report and the speech of the Chairman of the US Federal Reserve (Fed).
New information related to sanctions policies may also affect the USD and bond yields. These are two factors that are significantly affecting silver prices," he said.
He added that silver prices are being supported by fluctuations in the financial market, rather than stemming from a separate driving force of this metal.
Meanwhile, the USD is near its lowest level in months after falling sharply last week. The weakening USD and falling bond yields are creating more favorable conditions to support silver prices.
However, James Hyerczyk believes that silver is not the leading metal in this trend. Gold, Bitcoin and precious metals in general are being monitored by the market based on the ability to control long-term bond yields in the context of continued public debt and budget deficits.
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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