Domestic silver prices
As of 10:20 am on April 5, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Jewelry Company was listed at 3.186 - 3.264 million VND/tael (buying - selling); down 445,000 VND/tael on the buying side and down 456,000 VND/tael on the selling side compared to a month ago.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 83.990 - 86.540 million VND/kg (buying - selling); down 11.8 million VND/kg on the buying side and down 12.16 million VND/kg on the selling side compared to a month ago.
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 2.748 - 2.844 million VND/tael (buying - selling).
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 3,189 - 3,288 million VND/tael (buying - selling); down 447,000 VND/tael on the buying side and down 461,000 VND/tael on the selling side compared to a month ago.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 85.039 - 87.679 million VND/kg (buying - selling); down 11.92 million VND/kg on the buying side and down 12.293 million VND/kg on the selling side compared to a month ago.
World silver price
On the world market, as of 10:20 am on April 5 (Vietnam time), the world silver price was listed at 72.96 USD/ounce; down 12.13 USD compared to a month ago.
Causes and forecasts
In the past week, the silver market recorded positive signals, but the general trend still shows strong fluctuations. Experts believe that the main factor dominating silver prices today is still the interest rate diễn biến in the US.
According to precious metal analyst Christopher Lewis of FX Empire, the 10-year US government bond yield level around 4.30% is being considered an important benchmark. Reality shows that when yields fall below this level, precious metal prices tend to increase. Conversely, whenever yields exceed 4.30%, gold and silver often face downward pressure.
The main reason comes from the characteristics of gold and silver being non-profit assets. When interest rates increase, profitable investment channels such as bonds become more attractive, making precious metals less attractive to investors. This explains why, despite the global geopolitical context still being unstable, gold and silver prices still face many difficulties" - Christopher Lewis said.
He said that investors need to closely monitor the yield developments of bonds, especially 10-year terms. In case yields decrease while silver prices increase, this can be considered a noteworthy buy signal.
Although the long-term outlook for silver is still positive, the market is forecast to continue to fluctuate strongly in the near future. Unexpected factors such as geopolitical tensions in the Middle East may quickly reverse the trend" - Christopher Lewis emphasized.
In that context, maintaining a reasonable investment scale, prioritizing small positions is considered a suitable strategy to limit risks. Christopher Lewis recommends that investors be cautious and avoid short selling decisions in the current sensitive period.
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