At the close of trading on January 24th, domestic silver prices ended a week of unprecedented volatility. For the first time in history, the precious metal surpassed the 100 million VND/kg mark.

Specifically, the price of 999 sterling silver bars (1 tael) at Phu Quy Gold, Silver and Gemstone Group is listed at 3.882-4.002 million VND/tael (buying price - selling price).

The price of 999 sterling silver bars (1kg) from this brand has reached close to 103.52-106.72 million VND/kg for both buying and selling.

In just one week, the price of silver ingots in Phu Quy increased by 14.5%, equivalent to an increase of VND 13.04 million/kg for buying and VND 13.44 million/kg for selling. Since the beginning of the year, the price of silver in Phu Quy has surged by 41.8%.

The prices of Kim Phuc Loc 999 silver bars (1 tael) and SBJ 999 silver ingots (1 kg) from Sacombank remained unchanged from the closing prices of the trading session on January 23rd, at 3.741-3.837 million VND/tael and 99.7-102.32 million VND/kg respectively for buying and selling.

Compared to the closing price of the previous week, Sacombank's silver bar price also increased by 7.2%, becoming 6.58 million VND/kg more expensive for buying and 6.88 million VND/kg more expensive for selling.

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Silver prices surged, setting a new historical record. Photo: Phu Quy

What is the price of silver in the world market ?

Global silver prices have caused a shock as they surpassed the $100/ounce mark for the first time in history. At the close of trading this weekend, the spot price of silver on the world market approached $103/ounce, an increase of more than 7% compared to the opening price. At one point, the price even reached $103.03/ounce.

This past week, the spot price of silver has risen 14.47%, and in a month, the price of this precious metal has increased by as much as 43.08%. Since the breakout that began in the second half of last year, the price of silver has risen by more than 180%.

Silver prices are being supported by a fairly clear downward trend in the US dollar. Along with that, the precious metal regained momentum at the beginning of the week after US President Donald Trump threatened to impose tariffs on European countries that do not support his annexation of Greenland. Donald Trump also did not rule out the possibility of using military means to achieve his goal.

Following the familiar TACO pattern ( Trump Always Chickens Out - often making strong threats then backing down ), Trump later withdrew his threat to use force against Greenland, but negative consequences had already occurred.

Over the past week, the trend of "selling US assets" has resurfaced, with reports suggesting that some European businesses are considering selling off their US Treasury bonds. This trading trend, linked to currency depreciation, is creating a solid foundation for gold and silver, even as prices are already high.

Silver price forecast

Neil Welsh, Head of Metals at Britannia Global Markets, believes that current silver and gold prices are reasonable given the trend of central banks increasing their accumulation of precious metals and the ongoing geopolitical uncertainties.

"This looks more like a hedging trade against the risk of currency devaluation than a sign of a speculative bubble," he emphasized. Technically, the market is overbought, but the fundamental factors still completely dominate the chart.

On Kitco, many experts believe that the price of silver could approach $150 per ounce, after surpassing the $100 per ounce mark in Friday's trading session.

Although silver may still have room to rise, analysts also note that high prices could ultimately put pressure on industrial demand.

The $100/ounce mark for silver is truly impressive, and the upward momentum remains strong. However, at the current price level, it's wise for investors to be patient and refrain from chasing the price. In the current environment, the price of silver can fluctuate by 10% in a single trading session – a very large fluctuation and unsuitable for faint-hearted or inexperienced investors.

Analysts also believe that both silver and gold will inevitably experience corrections sooner or later. However, given what is happening in the market, these corrections are likely to be quick and not too deep. Such periods will be opportunities that investors should wait for.

Silver prices surge, profits of 4 million VND in just one day: Should investors buy at the peak ? The soaring price of silver, constantly breaking records, is leaving many investors wondering whether they should continue investing at the peak or wait for prices to fall.

Source: https://vietnamnet.vn/gia-bac-hom-nay-25-1-2026-ca-tuan-tang-13-4-trieu-dong-kg-nha-dau-tu-mo-hoi-2484857.html