Domestic silver price
As of 5:20 p.m. on July 6, the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND1.403 - 1.446 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 1.403 - 1.446 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 taels of silver (1kg) at Phu Quy Jewelry Group was listed at 37.413 - 38.559 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 June 29, 2025), the price of 999 taels (1kg) at Phu Quy Jewelry Group was listed at 37.039 - 38.186 million VND/kg (buy - sell).
Thus, if buying 999 taels of silver (1kg) at Phu Quy Jewelry Group on June 29 and selling it this morning (July 6), buyers will make a profit of VND 773,000/kg.
World silver price
On the world market, as of 5:20 p.m. on July 6 (Vietnam time), the world silver price was listed at 36.89 USD/ounce; unchanged from yesterday morning.
Causes and predictions
Silver prices remain high. Technically, Philip Streible - Chief Market Strategist at Blue Line Futures - commented that there is currently a "V most expensive flag" model, showing that silver prices may continue to climb.
"If it breaks through the key threshold of 37.50 USD/ounce, silver could enter a new rally, bringing prices closer to the target of 40 USD/ounce than expected," he said.
Christopher Lewis said that silver will continue to be short this year and next year.
"As industrial activity recovers slightly, the US dollar weakens and interest rates fall, silver prices could reach $40/ounce by the end of this year and as high as $50 in 2026. In addition, there is also a strong chance that silver will skyrocket, to $60 to $80 an ounce," Philip Streible said.
See more news related to silver prices HERE...
