On May 12, domestic silver prices recorded a rebound trend, leading to a sharp increase in the number of customers coming to trade at precious metal stores on Cau Giay street (Hanoi). Many people took advantage of selling when prices recovered, mainly those who had bought before or were in need of money to solve personal matters.
According to reporters' records at some silver shops on Cau Giay street, the trading atmosphere was bustling from early morning. People continuously brought silver or pre-ordered invoices to sell, queuing to wait for their turn to be inspected and complete procedures.
Mr. Tran Van Hung (Nghia Do ward, Hanoi) said that he brought 5 taels of silver bought from October 2025 to sell to manage arising work.
I urgently need money to solve personal matters, so I'm selling it immediately. Seeing that the price is also recovering, I consider closing this time is reasonable" - Mr. Hung said.
However, according to him, because he regularly monitors the fluctuations of world silver prices, he realizes that there are times when international prices increase rapidly but domestic prices update slower, so sometimes sales are not at the optimal price as expected. "I often monitor world prices, see that prices increase quite quickly but domestic reactions are slower, so sometimes sales are not at the best price" - he said.
Mr. Hung added that due to the large number of people queuing, the transaction process at the store is relatively time-consuming, from inspection to completion of sales takes about 2 hours to complete. "I find it a bit inconvenient because the transaction time is quite slow" - he shared.
Mr. Hung also said that the store announced that it will transfer money within a few hours after completing the transaction, or at the latest at the beginning of next week (around May 18).
Also coming to sell silver at a store on Cau Giay street, Ms. Nguyen Phuong Linh (Tay Mo ward, Hanoi) said that she once bought 1 kg of silver at the store in January 2026 and was issued an invoice promising to receive the goods at the beginning of May. However, up to now, she has not come to get silver but decided to take this invoice to resell when the price increased.
I bought it before but have not received the goods, seeing the price increase, I immediately sold the invoice to take profits. The store also confirmed and will carry out payment according to the process" - Ms. Linh said.
Silver price update
As of 9:05 am on May 12, the price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company was listed at the threshold of 3.202 - 3.301 million VND/tael (buying - selling); an increase of 147,000 VND/tael on the buying side and an increase of 152,000 VND/tael on the selling side compared to yesterday morning.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 3.202 - 3.301 million VND/tael (buying - selling); an increase of 147,000 VND/tael on the buying side and an increase of 152,000 VND/tael on the selling side compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 85.386 - 88.026 million VND/kg (buying - selling); an increase of 3.92 million VND/kg on the buying side and an increase of 4.053 million VND/kg on the selling side compared to yesterday morning.
On the world market, as of 9:15 AM on May 12 (Vietnam time), the world silver price was listed at 86.03 USD/ounce; an increase of 4.59 USD compared to yesterday morning.
The upward momentum of the international market is affecting domestic silver prices. People need to be cautious and avoid following the psychology of crowds when silver prices fluctuate sharply, especially in the context that the difference between buying and selling prices is still maintained at a high level.
See more news related to silver prices HERE...
