Domestic silver prices
As of 9:45 am on March 8, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 3.170 - 3.248 million VND/tael (buying - selling); unchanged in both directions compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 83.574 - 86.114 million VND/kg (buying - selling); unchanged in both directions compared to yesterday morning.
In the previous week's trading session (morning of March 1, 2026), the price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company was listed at 92.370 - 95.180 million VND/kg (buying - selling).
Thus, if you buy 2025 Ancarat 999 silver ingots (1kg) at Ancarat Gem Company on March 1, 2026 and sell them on this morning's session (March 8, 2026), the buyer will lose 11.606 million VND/kg.
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 3.249 - 3.351 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 3.166 - 3.264 million VND/tael (buying - selling).
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 84.426 - 87.039 million VND/kg (buying - selling).
In the previous week's trading session (March 1, 2026), the price of 999 silver bars (1kg) at Phu Quy Jewelry Group was listed at 93.466 - 96.346 million VND/kg (buying - selling).
Thus, if you buy 999 silver ingots (1kg) at Phu Quy Jewelry Group on March 1, 2026 and sell them on this morning's session (March 8, 2026), buyers will lose 11.92 million VND/kg.
World silver price
On the world market, as of 9:40 am on March 8 (Vietnam time), the world silver price was listed at 84.41 USD/ounce; unchanged compared to yesterday morning.
Causes and forecasts
The silver market has just experienced a difficult trading week with many strong fluctuations in the last five sessions, as the price of this metal is in the process of finding its balance after a period of hot increase.
During the week, silver prices initially showed signs of breaking up higher, but then quickly reversed and fell sharply to around the 80 USD/ounce mark.
According to precious metals analyst Christopher Lewis of FX Empire, the above development raises the question of whether the silver market is entering a stage of forming a "new price level".
The recent level of large fluctuations is making it difficult for many small investors to trade. In that context, investors should control the scale of positions at a reasonable level to limit risks," he said.
From a technical perspective, the expert believes that the long-term trend of silver is still assessed as increasing, but the previous upward momentum is "parabolical" - that is, increasing very quickly in a short time - so the market currently needs a period of adjustment and stability.
Christopher Lewis added that the previous hot increase in silver was a sign of a "price bubble", and the current correction shows that the market is returning to reflect real supply and demand factors. In the long term, this may be positive for the market, because prices will be formed on a more sustainable foundation.
In the short term, the silver market may enter a sideways phase to accumulate. However, a signal to note is that recent price decreases have a larger amplitude than increasing sessions, showing that selling pressure is still dominant in the market" - Christopher Lewis said.
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