Silver prices increase sharply, trading scene is bustling at stores in Hanoi

Phương Anh |

Silver prices continue to climb, leading to vibrant buying and selling at many large stores in Hanoi. On September 26, the number of visitors to silver businesses increased dramatically.

Recorded by Lao Dong reporter at Ancarat silver shop, No. 243A Xa Dan (Dong Da, Hanoi), a long line of people lined up since morning.

Ms. Nguyen Thi Phuong (34 years old, Hai Ba Trung district) said she had been present very early but still received the number of 24. "Since the beginning of the year, silver prices have increased quite steadily. Now the store has beautiful, neat products, and is easy to liquidate, so when I have idle money, I buy them" - Ms. Phuong shared.

Nhieu nguoi xep hang cho mua bac tu sang. Anh: Phuong Anh
Many people have been lining up to buy silver at the Ancarat store on Xa Dan Street since morning. Photo: Phuong Anh

Talking to Lao Dong reporter, a representative of Ancarat store in Xa Dan said that September 26 was the opening day of the new branch, but the number of customers was much larger than expected: "In the morning alone, nearly 500 customers came to trade here. We have prepared gifts for guests to arrive early and some incentives during the opening week from September 26 to October 5, 2025" - this person said.

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Silver bars and silver souvenirs are being favored and sought after by many people. Photo: Phuong Anh

Not only Xa Dan, silver shops in Cau Giay district also witnessed a long wait-and-see queue. Mr. Le Minh Hai (29 years old, Cau Giay district) shared: "Seeing the increase in silver prices, I went to Phu Quy to sell. I waited for more than 30 minutes and it was not my turn. Customers come and go continuously".

Ms. Tran Thu Trang (38 years old, in Nam Tu Liem) said she had ordered silver a month ago. "This afternoon I went to the store to receive the goods, it took me nearly an hour to get them. The staff said that the number of customers coming to get money to deposit has also increased sharply this week" - she said.

Khu vuc xep hang cho giao dich bac tai mot cua hang tren duong Cau Giay. Anh: Phuong Anh
The area waiting in line for silver transactions at a Phu Quy store on Cau Giay Street. Photo: Phuong Anh

According to store owners, the increase in silver purchases is not only due to jewelry demand but also because many people consider silver a safe store of choice in the context of fluctuating gold prices. Despite the arrangement of additional stalls and staff, the transaction was still prolonged when the number of customers exceeded expectations.

Observers say the current silver fever reflects the people's investment trend to prevent risks. The fact that buyers are willing to queue for decades, even waiting for months to own the product shows that the silver market is heating up, not only in terms of consumption but also in terms of store value.

Dien bien gia bac the gioi nhung phien gan day. Bieu do: Phuong Anh
World silver price developments in recent sessions. Chart: Phuong Anh
Phương Anh
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