Domestic silver prices
As of 11:10 am on January 7, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Jewelry Company was listed at 3.015 - 3.089 million VND/tael (buying - selling); an increase of 51,000 VND/tael on the buying side and an increase of 52,000 VND/tael on the selling side compared to yesterday morning.
The price of 2025 Ancarat 999 (1kg) at Ancarat Jewelry Company is listed at 79.454 - 81.874 million VND/kg (buying - selling); an increase of 1.338 million VND/kg on the buying side and an increase of 1.388 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 Bank Jewelry Company Limited (Sacombank-SBJ) is listed at the threshold of 3.108 - 3.186 million VND/tael (buying - selling); an increase of 135,000 VND/tael on the buying side and an increase of 138,000 VND/tael on the selling side 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 3.009 - 3.102 million VND/tael (buying - selling); an increase of 45,000 VND/tael on the buying side and an increase of 46,000 VND/tael on the selling side compared to yesterday morning.
The price of 999 silver bars (1kg) at Phu Quy Jewelry Group is listed at 80.239 - 83.719 million VND/kg (buying - selling); an increase of 1.2 million VND/kg on the buying side and an increase of 1.226 million VND/kg on the selling side compared to yesterday morning.
World silver prices
On the world market, as of 11:35 AM on January 7 (Vietnam time), the world silver price was listed at 79.7 USD/ounce; up 1.05 USD compared to yesterday morning.
Causes and forecasts
Silver prices continue to rise, in the context of increasing demand for safe assets amid geopolitical tensions. According to precious metals analyst James Hyerczyk at FX Empire, although geopolitical tensions are not a key factor in the silver market, the fundamental factors that pushed the price of this precious metal to a record high since last year are still continuing to have an impact.
James Hyerczyk said that from the beginning of 2025 to now, silver prices have almost continuously increased, forming a clear upward trend. The main driving force comes from tighter supply and low global silver reserves.
As physical silver prices become more expensive for individual investors, investment cash flow has shifted strongly to silver ETF funds - an investment channel considered flexible and lower-cost to participate in the market" - he said.
James Hyerczyk added that the upward momentum of silver was further strengthened at the end of the year, after the US officially ranked silver as an essential mineral. This move has contributed to enhancing the strategic role of silver, while promoting long-term investment sentiment for this precious metal.
In addition, the monetary policy of the US Federal Reserve (Fed) is also an important factor supporting silver prices. After the third interest rate cut of the year at the end of December 2025, silver prices began to increase sharply" - James Hyerczyk said.
However, the end of 2025 also witnessed strong fluctuations when the Chicago Commodity Exchange (CME) twice increased margins in just one week. "This measure has reduced short-term speculation, forcing many investors to close positions and take profits, thereby causing the market to fluctuate in the short term" - James Hyerczyk said.
The expert said that although technical signals on the daily and weekly charts show the possibility of a correction, selling pressure so far is still not strong enough to reverse the trend. "In the context that fundamental supporting factors are still present, the silver market is assessed to continue to maintain a high volatility state in the coming time" - James Hyerczyk emphasized.
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