On the afternoon of October 14, the silver price at Sacombank Gold and Gemstone Company - SBJ was traded at 2.019 million VND/tael for buying and 2.07 million VND/tael for selling, down 24,000 VND compared to the morning.
Silver prices cool down
Similarly, Phu Quy silver was listed by Phu Quy Gold and Gemstone Group at around VND1,998 - 2,06 million/tael (buy-sell), down VND44,000/tael compared to the morning.
Other silver brands also lowered their silver prices compared to the morning peak. However, compared to the weekend price, each tael of silver still increased by about VND78,000/tael (+3.9%).
In the past week, silver prices have increased by 8.6% and by 23% in just one month. This increase comes from the world silver price. This metal has continuously surpassed historical peaks and is trading at 52 USD/ounce.
Buy hundreds of taels waiting for price increase
The incredible profitability of this asset has caused many people to rush to buy silver to store, waiting for the price to increase. Some people buy hundreds, even thousands of taels of silver, not just a few taels like before.
According to the reporter of Nguoi Lao Dong Newspaper , at the headquarters of Sacombank-SBJ Company, late in the morning of October 14, many people were still waiting to buy silver.
Customers who order silver 3-6 months in advance will receive a discount of 12,000 VND to 30,000 VND/tael at Sacombank-SBJ.
Ms. Minh Hanh (living in Gia Dinh Ward, Ho Chi Minh City) said she wanted to buy 10 taels of Sacombank-SBJ silver, but the company's staff informed her that the silver was out of stock and that she had to register in advance to buy. If she registered, paid in advance, and received the silver after 3-6 months, she would receive a discount of 12,000 VND to 30,000 VND/tael.
"Customers who order silver will pay the full amount, and when the time comes to receive the silver, the company will deliver it. The company does not accept silver for safekeeping. The amount of pre-orders is unlimited, from a few taels to a few hundred taels," said a Sacombank-SBJ employee.
People who order 300, even 400 taels of silver and are willing to wait 3-6 months to receive the goods.
The number of people waiting to buy silver this morning was 115.
At Phu Quy Gold and Gemstone Group, after a few days of announcing that it would stop accepting orders for silver products, the company suddenly reopened to accept orders starting today (October 14). The maximum quantity is 5 kg of silver per person per day. The current price of 1 kg of silver is 55 million VND.
"The company may stop accepting orders during the day (out of stock) based on the production plan, customers can come back to order the next day. The online system may be overloaded, causing delays in responding to customers" - Phu Quy's announcement stated.
Near noon on October 14, there were still many customers waiting to register to buy silver at Sacombank-SBJ.
Notice of Phu Quy
Silver price movements over the past 3 months
Source: https://nld.com.vn/gia-bac-lap-ky-luc-nhieu-nguoi-van-chi-ca-tram-trieu-mua-bac-tren-giay-196251014154427761.htm
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