Domestic silver price
As of 9:50 a.m. on May 4, the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND1.241 - 1.279 million/tael (buy - sell); unchanged in both buying and selling directions compared to early this morning.
The price of 999 gold bars at Phu Quy Jewelry Group was listed at 1.241 - 1.279 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to early this morning.
At the same time, the price of 999 (1kilo) taels at Phu Quy Jewelry Group was listed at 33.093 - 34.106 million VND/kg (buy - sell); unchanged in both buying and selling directions compared to early this morning.
In the trading session last week (morning of April 27, 2025), the price of 999 gold bars (1kilo) at Phu Quy Jewelry Group was listed at VND34.079 - 35.146 million/kg (buy - sell).
Thus, if buying 999 silver bars at Phu Quy Jewelry Group on April 27 and selling it this morning (May 4), buyers will lose VND 2.053 million/kg.
World silver price
On the world market, as of 9:55 a.m. on April 4 (Vietnam time), the world silver price listed on Goldprice.org was at 31.97 USD/ounce.
Causes and predictions
According to Kitco, although gold prices have continuously set new records, silver is still struggling to increase strongly. Barriers such as tariffs and market correlation are broken, making developments unpredictable, but experts are still optimistic about the possibility of silver price increases in the coming months.
Bob Haberkorn - senior commodity broker at RJO Futures - believes that silver prices will have major breakthroughs in the future.
Haberkorn predicts that silver prices could increase by more than 40% in the medium term: "I think the $40/ounce level will soon be set and the $50/ounce level can be completely reached in September".
Even if the gold- silver price ratio does not return to historical levels around 60, he still believes that silver can outperform gold as it has happened before.
It is entirely possible for silver to increase by 3 USD, then continue to break out. The $40 level is not a flash, it is completely possible from now until mid-year.
The $50 price is not too far away. But for that to happen, gold prices must continue to rise, said Bob Haberkorn.
According to him, the ratio between gold and silver prices is too unbalanced, but Haberkorn does not expect it to soon return to the historical average.
I would not bet on this rate returning to its old level, because it could take a long time. The current market is very unusual, such as the price ratio between gold and platinum 8-9 years ago has not yet returned to a balanced state, even more deviant. If you trade based on history, it will probably take a long time to wait, Haberkorn assessed.
See more news related to silver prices HERE...
