The phenomenon of "selling" silver is flourishing
Recently, people's demand for silver has increased, leading to many people having to wait in long lines at stores. Even at some large silver shops, customers have to wait a few months to receive the goods after paying 100% of the bill.
In this reality, on social networks such as Facebook, Zalo... there have appeared many articles selling "hand-to-hand" silver (a form of transaction in which the parties agree and hand over assets directly to each other without going through official legal procedures).
The main reason for this situation is that buyers can buy at a lower price and receive money immediately, without having to queue, while if they buy at the store, the time to receive the goods can be until 2026.
Not only happening on cyberspace, Lao Dong reporter noted, the situation of buying and selling silver "hand-shaped" right in front of gambling establishments also occurs.
Posing as someone who wants to buy silver, a person who just sold silver on Tran Nhan Tong street revealed: "If I bought it directly, it would be more profitable, cheaper than the price on the store's website and I would be able to hold the silver. Just go to social networking groups to buy, avoid having to go to the store, because the store is more expensive".
Meanwhile, the silver buyer handed over the money and said: "This is buying silver through people together, cheaper than the price at the store. For example, the price listed on the store's website is 1.5 million VND/tael (buy - sell), then divide it into half. Buyers like us will lose 750,000 VND".
This person added that there are many direct sales like this on groups.
Talking to Lao Dong reporter, an employee of a silver shop said: "Because people's demand for silver has recently increased while the supply in the market is quite limited. The store cannot immediately meet the number of customers ordering, so it has to apply the form of deferred payment".
In fact, buying and selling hand-to-hand silver or through these out-of-the-way transactions has many potential risks. Buyers may face risks such as buying fake, poor quality or being scammed.
Updated silver price
As of 5:25 p.m. on November 15, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Metallurgy Company was listed at 1.936 - 1.978 million VND/tael (buy - sell); down 99,000 VND/tael in both directions compared to yesterday morning.
The price of 999 Ancarat 999 (1kg) at Ancarat Petrochemical Company was listed at 50.776 - 52.296 million VND/kg (buy - sell); down 2.570 million VND/kg for buying and down 2.540 million VND/kg for selling compared to yesterday morning.
At the same time, the price of 999 999 coins (1 tael) at Phu Quy Jewelry Group was listed at 1,937 - 1.997 million VND/tael (buy - sell); down 105,000 VND/tael for buying and down 108,000 VND/tael for selling compared to yesterday morning.
The price of 999 taels of silver (1kg) at Phu Quy Jewelry Group was listed at 51.653 - 53.253 million VND/kg (buy - sell); down 2.9 million VND/kg for buying and down 2.88 million VND/kg for selling compared to yesterday morning.
On the world market, as of 5:25 p.m. on November 15 (Vietnam time), the world silver price was listed at 50.34 USD/ounce.
See more news related to silver prices HERE...
