Silver prices increase by 44% since the beginning of the year, buyers make a profit of more than 29 million VND/kg in 24 days

Silver prices continue to attract attention when increasing sharply from the beginning of the year to now, closely following the upward rhythm of the international market. Recorded at the milestone on January 1, 999 (1kg) - Phu Quy silver bars were listed at 71.919 - 74.133 million VND/kg. By January 24, this item increased to 103.519 - 106.719 million VND/kg.

Compared to the selling price, 999 silver bars (1kg) - Phu Quy increased from 74.133 to 106.719 million VND/kg, an increase of 32.586 million VND/kg, equivalent to about 43.96%.

The upward momentum of domestic silver prices closely followed the developments of the world market. In the international market, the upward momentum was also very clear. World silver prices rose from 71.39 USD/ounce on January 1st to 103.07 USD/ounce on January 24th, up 31.68 USD/ounce, equivalent to about 44.38%.

This development contributed to pulling domestic prices up quickly in a short time, causing many people to pay attention to the profitability of the silver investment channel.

For investors who bought 999 silver bars (1kg) - Phu Quy from the beginning of the year, the profit margin can be clearly seen if profit is taken in the correct direction of the transaction price. On January 1, buyers usually had to buy at a selling price of 74.133 million VND/kg. By January 24, if selling at a buying price of 103.519 million VND/kg, the difference reached about 29.386 million VND/kg, corresponding to a profit margin of about 39.64% in just 23 days.

However, the actual profit margin does not completely coincide with the increase in listed prices, because the buying-selling price difference is quite high and tends to widen when the market fluctuates strongly.

For Phu Quy 1kg silver bars, the difference on January 1 was about 2.214 million VND/kg (74.133 minus 71.919), up to January 24 it increased to about 3.2 million VND/kg (106.719 minus 103.519). This means that buyers may suffer a significant "shortfall" if the price reverses or only adjusts slightly.

Faced with the upward trend, people should not chase the fear of missing opportunities (FOMO). When the buying-selling price difference is too high, the risk of losses will increase significantly, especially if world prices cool down.

In fact, the domestic market is heavily affected by international fluctuations; if world silver prices turn down, domestic prices may fall deeply, causing buyers in high-price areas to have difficulty escaping goods and preserving profits.