Silver price skyrockets in the first 11 months of 2025
In just 11 months, domestic barley prices have almost doubled, reflecting the unusual heat of the precious metals market.
If on January 1, 2025, each kg of silver bars was only at VND 28.853 million (buy price), then by December 1, 2025, it had skyrocketed to VND 57.599 million. Similarly, the selling price also increased from 29.73 million VND/kg to 59.386 million VND/kg. In general, silver has increased by nearly 100% in less than a year.
Many stores have announced that they are out of stock, and pre-orders must wait until February or March 2026 to receive them. Many people were discouraged to give up because the queue time for transactions was too long.
This scarcity comes at a time when world silver prices have increased rapidly, surpassing $56/ounce - the highest level since the metal has been widely traded.
Analysts believe that the increase in silver comes from many international factors, including expectations that the US Federal Reserve (Fed) will soon cut interest rates and the demand for industrial silver has increased sharply in the field of renewable energy, especially the production of solar panels.
The combination of these factors makes silver, which is considered a less popular brother of gold, the focus of the precious metals market.
Investment wave promotes business conversion
The market heat is clearly demonstrated through the queue to buy silver at many jewelry stores in Ho Chi Minh City and Hanoi. Some businesses said that the number of customers has increased sharply, but the source of goods is not enough to meet the demand.
Many stores have to switch to the form of "pre-registerment - receive later", the delivery time lasts up to several months. There were times when customers waited for more than an hour but still had to leave because the store temporarily stopped accepting orders.
Some places even announced that they will only accept deposits and make an appointment to hand over physical silver in the first quarter of 2026 because the number of deposits is far exceeding inventory. This situation has caused many people to turn to looking for alternative buying and storage channels to avoid waiting.
According to research, some new silver trading models have appeared. VietinGold - the jewelry gold division of VietinBank and Ancarat Silver announced the implementation of the online payment and storage service for silver bars and bars on the digiGOLD platform of the iPay Mobile application. This is the first time that 99.9% standard physical silver has been put into the digital environment and transacted directly via a banking application in Vietnam.
It is known that users can buy silver at real-time updated prices, authenticated transactions via OTP, while physical silver is stored by Ancarat instead of having to be preserved by buyers as before. Accordingly, customers can buy silver for a small amount of money, similar to savings.
Users can track price fluctuations on the iPay application by day, week or month, and manage their asset portfolio right on their phone - features suitable for young customers who are used to financial management through digital platforms.
The appearance of the new service raises many expectations but also many questions. Bank participation in the market can contribute to standardizing silver transactions, reducing price differences between stores and bringing higher transparency.
In the context of silver prices reaching a peak and people having to queue up to buy physical silver, the combination of banks and jewelry businesses to bring silver to the digital environment is considered a notable move.
Although it will take time to verify the effectiveness and acceptance of the market, the emergence of new trading channels could be a signal that the silver market is entering a period of industrialization, where technology plays a key role in bringing more transparency and access to individual investors.
