Silver prices increase, buyers are surprised by high profits

On February 16, 2025, Mr. Nguyen Tu Anh (Cau Giay - Hanoi) brought money to buy gold for savings purposes, but due to many stores limiting the quantity sold, buying gold faced many difficulties.

While waiting, he noticed that the store was selling silver bars. "At that time, the money was idle and I didn't know what to do, seeing that the price of silver was still low, I decided to try buying it" - Mr. Tu Anh recounted.

With more than 402 million VND, he bought 12 kg of silver, equivalent to a cost of only about 33.5 million VND/kg. By the morning of December 27, 2025, when the price of silver bought by Phu Quy reached nearly 79.55 million VND/kg, Mr. Tu Anh was surprised. “In fact, each kg of silver earned a profit of more than 46 million VND, the total profit has exceeded 550 million VND. Honestly, I was quite shocked, I didn't think silver would increase so quickly and strongly” - Mr. Tu Anh shared.

Mr. Tu Anh said that at the beginning of the year, silver was not considered an investment channel by many people. “At that time, people were mainly interested in gold, stocks or real estate, but silver was almost not mentioned. Therefore, when they saw me spending several hundred million VND to buy silver, many friends were very surprised, even some people thought I was'reckless',” Mr. Tu Anh recalled.

However, the sharp increase in silver prices in the following months surprised him – and those around him – with the profitability of this precious metal.

Like Mr. Tu Anh, Ms. Nguyen Thuy Linh also expressed surprise at the strong increase in silver prices. Ms. Linh said that she bought 1 kg of silver on June 9, 2025, at a price of 47.81 million VND/kg, mainly with the psychology of hoarding, not expecting too much profitability.

However, until now, when the store listed the purchase price to nearly 79.55 million VND/kg, this investment has brought her a profit of about 31.7 million VND/kg.

I didn't think that after just a few months, silver could increase so quickly. This interest rate is really beyond initial expectations" - Ms. Linh shared.

In the past year, domestic silver prices have recorded a strong increase, reaching nearly 175.8%, becoming one of the fastest-growing precious metals on the market. The sharp increase has caused the demand for silver purchases of people and individual investors to skyrocket.

At many times, many gold and silver business stores have fallen into a state of supply scarcity, even having to make customers return goods late due to too many transactions.

Some units said that the number of customers coming to buy silver increased sharply, far exceeding forecasts, reflecting the psychology of looking for alternative investment channels in the context of gold prices continuously peaking.

At the time of writing the article (10:25 am on December 27), 999 silver bars of 1 tael were listed by Ancarat Jewelry Company at the threshold of 2,978,000 - 3,070,000 VND/tael (buying - selling).

The price of 999 silver bars (1kg) is listed by Ancarat Jewelry Company at 79,413,000 - 81,867,000 VND/tael (buying - selling).

Meanwhile, the price of 999 silver bars per tael is listed by Phu Quy at 2,983,000 - 3,075,000 VND/tael (buying - selling).

999 1kg silver bars are listed by Phu Quy at 79,546,468-81,999,795 VND/tael (buying - selling).

World silver prices also recorded a breakthrough increase. At 10:30 am on December 27 (Vietnam time), world silver was listed at 79.25 USD/ounce. Since the beginning of the year, world silver has recorded an increase of about 174.4%.