Gold prices are too high, many people shift their investment to silver

Many people shift to silver investment

Since the beginning of the year, the price of SJC gold bars has increased by about 46.4%, while the price of gold rings has increased by about 41.9%. The increase is so strong that many investors are worried about the risk of "reaching the peak".

It is worth mentioning that there are many times when you don't have money to buy gold. Many businesses have applied policies to limit sales, making it difficult for people to do transactions. This further increases the cautious and reserved sentiment when approaching the gold market.

In that context, silver became an alternative choice. With a much lower price than gold but significant profit potential, silver attracts the attention of many individual investors.

Ms. Nguyen Phuong Anh (Dong Anh - Hanoi) said: "Before, I only invested in gold, but recently the price has been too high, making it difficult to buy and sell. I started to research silver, saw that there was potential, so I switched to investing in silver since May".

I bought 12kg of silver bars in February 2025, at that time the price was only 33.5 million VND/kg. Up to now, the silver price I have sold is more than 37.7 million VND/kg, with a profit of up to 4.2 million VND per kg. It is easier to make a profit than depositing and liquidating, just bring the silver to the store, and the transaction will be done in 5 minutes".

Shops "make a fortune", production cannot sell in time

Coming to trade at a jewelry store on Cau Giay Street (Hanoi), Mr. Nguyen Van Tuan (29 years old) shared: "I came to buy silver 1 month ago, at that time the price was 38.1 million VND/kg. However, the store said it was out of stock, so they made an appointment to meet me a month later to receive the money. Today I came to receive the silver, intending to buy more but the store still announced that the silver was out of stock, I had to wait until the end of the month".

Sharing with PV, an employee at this business establishment said: "In recent months, the number of customers coming to buy silver has increased sharply, especially when some big gold brands have limited the amount of sales per day. Many orders have to be delivered later, sometimes customers have to wait a whole month to receive them.

We are currently planning to open more points of sale in many provinces to meet the growing needs of the people. Therefore, customers who buy silver in Hanoi if they go to the province and need to sell it, they just need to bring it to our store to be able to transact. Or while waiting for money to be sold, just bring the invoice to the store and you can make an immediate transaction.

Not only stopping at hoarded silver, souvenir silver products are also attracting great attention from the market. A representative of Phu Quy Group's media said that on the occasion of the 80th anniversary of the August Revolution and National Day on September 2, the enterprise issued 9,999 5-ounce silver bars, made from 999 silver with a design imbued with national spirit and historical imprint.

After less than 8 hours of opening for sale on the morning of August 3, all 9,999 souvenir silver bars were ordered. This is one of the souvenir products with the fastest consumption rate ever by Phu Quy the representative of the unit shared.

Previously, on April 30, this unit also issued 2,025 silver bars commemorating the 50th anniversary of the National Reunification. Right after opening the order in early April, all these silver bars were quickly "sold out" in just a few hours.

The attraction of silver products shows that the demand for investment and ownership of precious metals of the people is increasingly diverse, not only because of their store value but also because of cultural factors and spiritual significance.