World silver prices opened slightly up at the beginning of the week
The spot silver price in the Asian market opened the first session of the week on December 8 at 58.29 USD/ounce. After about two hours of trading, the world silver price increased by 0.24 USD/ounce, reaching 58.54 USD/ounce.
Silver prices hit a record high amid falling inventories, rising investment demand and concerns about a possible supply crunch. The silver rally has also led to gains in other precious metals, including gold, platinum and diamonds.
Even copper prices have surpassed the $11,000/tonne mark, reflecting positive sentiment in the commodity market amid the risk of supply shortages.
Experts predict silver prices could reach $95/ounce
Mr. Clem Chambers, CEO of Online Blockchain PLC, commented that the silver price increase is only in the early stages. He predicted that silver prices could head towards the $95/ounce mark.
According to Mr. Chambers, the commodity market is entering a period of structural change, as demand for silver for industrial production and technology continues to expand. He said that the supply of silver is very limited, which makes it easy for silver prices to rebound sharply when the market tightens.
The main driver for the next rally in silver prices is believed to come from the demand for solar cells, electronic components and green energy. If the scenario of silver prices reaching $95/ounce happens, a $1,000 investment at the present time could grow to about $1,640.
Domestic silver prices remain stable and high
At Phu Quy, the silver price on the morning of December 8 was listed at VND2,196 million/tael for buying and VND2,264 million/tael for selling. This price remained the same as the previous session, with the difference between buying and selling being VND68,000/tael.
Phu Quy's 1kg silver has a buying price of 58,559 million VND/kg and a selling price of 60,373 million VND/kg. The difference is 1,814 million VND/kg and the price is unchanged from the previous day.
Sacombank 's Kim Phuc Loc SBJ listed silver bars at VND2,142 million/tael for buying and VND2,196 million/tael for selling. The price remained unchanged, the difference was VND54,000/tael.
At Ancarat, 2024 silver bars were listed for buying at VND2,194 million/tael and selling at VND2,244 million/tael, unchanged from the previous session. 1kg 2025 silver bars were traded at VND57,590 - 59,340 million/kg, a difference of VND1,750 million/kg.
Overview of the first session of the week shows that domestic silver prices moved sideways but still maintained a high price range. In the world market, silver continued to increase slightly and maintained an upward trend right at the opening of trading.
Source: https://baonghean.vn/gia-bac-hom-nay-8-12-2025-tang-lap-dinh-moi-nho-nhu-cau-dau-tu-va-nguon-cung-han-che-10314336.html
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