Domestic silver prices
As of 10:15 am on March 26, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.683 - 2.749 million VND/tael (buying - selling); down 89,000 VND/tael on the buying side and down 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 70.656 - 72.806 million VND/kg (buying - selling); down 2.358 million VND/kg on the buying side and down 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 the threshold of 2.736 - 2.832 million VND/tael (buying - selling); down 96,000 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 2.680 - 2.763 million VND/tael (buying - selling); down 9,000 VND/tael on the buying side and down 93,000 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 71.519 - 73.733 million VND/kg (buying - selling); down 2.347 million VND/kg on the buying side and down 2.426 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 10:20 am on March 26 (Vietnam time), the world silver price was listed at 71.5 USD/ounce; down 1.92 USD compared to yesterday morning.
Causes and forecasts
Silver prices in this morning's trading session reversed downwards, causing many investors to closely monitor to see if this precious metal can recover.
According to precious metals analyst Christopher Lewis of FX Empire, one of the major factors affecting silver prices is interest rates in the United States. As interest rates rise, the US dollar becomes stronger, and the cost of holding and storing silver also increases. This makes many investors consider switching to bonds or other profit channels instead of holding silver.
The expert said that the silver market is still very volatile. Currently, investors are hoping that this metal will regain its previous stability. However, this is still a risky move, especially if the geopolitical situation has not subsided.
If tensions subside, silver prices may rise again, at least in the short term. Conversely, if prices fall below the recent lowest level, the market may be under strong pressure and silver prices are heading towards the 50 USD/ounce mark" - Christopher Lewis said.
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