Domestic silver prices
As of 9:15 am on December 28, the price of Kim Phuc Loc 999 silver bars (1 tael) of Saigon Thuong Tin Bank Jewelry Company Limited (Sacombank-SBJ) was listed at the threshold of 2.826 - 2.898 million VND/tael (buying - selling).
In the previous week's trading session (morning of December 21, 2025), the price of Kim Phuc Loc 999 silver bars (1 tael) of Sacombank-SBJ was listed at 2.502 - 2.562 million VND/tael (buying - selling).
Thus, if you buy Kim Phuc Loc 999 silver bars (1 tael) from Sacombank-SBJ in the session of December 21 and sell them in the session this morning (December 28), buyers will make a profit of 264,000 VND/tael.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.983 - 3.075 million VND/tael (buying - selling).
The price of 999 silver bars (1kg) at Phu Quy Jewelry Group is listed at 79.546 - 81.999 million VND/kg (buying - selling).
In the previous week's trading session (morning of December 21, 2025), the price of 999 silver bars (1kg) at Phu Quy Jewelry Group was listed at 67.413 - 69.493 million VND/kg (buying - selling).
Thus, if you buy 999 silver bars (1kg) at Phu Quy Jewelry Group on the session of December 21 and sell them on the session this morning (December 28), the buyer will make a profit of 10.053 million VND/kg.
World silver prices
On the world market, as of 9:15 am on December 28 (Vietnam time), the world silver price was listed at 78.58 USD/ounce.
Causes and forecasts
Silver prices continued to record a strong weekly increase, extending the upward trend in recent times. According to precious metals analyst Christopher Lewis, this development shows that the upward trend of precious metals is still dominant in the market, although the possibility of short-term corrections is unavoidable.
He analyzed that after the "hot" increasing sessions, the silver market may experience a correction with an amplitude of about 10 USD/ounce. However, Christopher Lewis believes that this is considered a reasonable correction in the context that prices have increased sharply before and have not changed the general trend.
Reality shows that silver surges usually occur in a short period of time but bring large profits to investors who buy early. At times, silver prices were only around the 20 USD/ounce mark, while now they have increased by dozens of USD per ounce" - Christopher Lewis said.
However, Christopher Lewis reminds investors to be cautious and avoid buying when prices have increased too quickly, because the risk of unexpected adjustments is very high.
In the current context, short selling is considered a high-risk strategy. When the uptrend still prevails, strong uptrends can cause selling positions to suffer large losses in a short time" - the expert emphasized.
Christopher Lewis said that an important factor supporting silver prices is the supply shortage, which has existed for many years.
According to him, the current supply disruption is becoming clearer, increasing concerns about the ability to meet market demand. If this situation persists, it is possible that it will have widespread impacts on other financial markets.
In the long term, demand for silver is still assessed at a high level, especially in the context that this metal is increasingly playing an important role in industrial and technological production.
Therefore, in the event that the market appears significant corrections, many investors are expected to wait for buying opportunities when prices rebound, instead of withdrawing from the market" - Christopher Lewis assessed.
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