On the morning of May 13th, silver prices maintained their strong upward trend.

A silver jewelry maker in Guizhou province, southwestern China, on April 21, 2026. (Photo: Xinhua News Agency)

Specifically, at 9:35 AM on May 13th, according to Vietnam Metals Exchange (VME), the price of 99.99% pure silver (excluding fees and VAT) in Hanoi was listed at 2,801,000 VND/ounce (buying price) and 2,831,000 VND/ounce (selling price), with a difference of 30,000 VND/ounce between the buying and selling prices.

In the Ho Chi Minh City market, the price of silver of the same type is listed at 2,803,000 VND/ounce (buying price) and 2,833,000 VND/ounce (selling price).

The price of 99.99% pure silver (excluding fees and VAT) in Hanoi and Ho Chi Minh City on the morning of May 13th. (Source: giabac.net)

Phu Quy Gold and Gemstone Group listed the buying and selling prices of 999 silver bars and ingots this morning at 3,229,000 VND/ounce and 3,312,000 VND/ounce respectively.

The price of Phu Quy 999 silver bars (1kg) is being traded at 86,106,451 VND/kg (buying price) and 88,319,779 VND/kg (selling price).

At other brands, Ancarat lists the buying and selling price of silver at 3,196,000-3,295,000 VND/ounce. The price of silver bars from this brand is listed at 85,227,000 VND/kg (buying) - 87,867,000 VND/kg (selling).

Sacombank - SBJ Company listed the buying price of silver at 3,165,000 VND/ounce and the selling price at 3,261,000 VND/ounce. The price of silver bars of this brand was listed at 84,400,000 VND/kg (buying price) - 86,960,000 VND/kg (selling price).

On the global market, according to kitco.com, as of 9:35 AM on May 13th (Vietnam time), the price of silver continued its upward trend compared to yesterday's session, trading around $86.71 per ounce, within a trading range of $82.71-$87.92 per ounce.

Earlier, in the trading session on May 12th, silver prices surged and outperformed other precious metals thanks to the improved outlook for industrial demand.

World silver price chart. (Source: kitco.com)

Silver is widely used in electronics, solar cells, and many other industrial applications due to its high electrical conductivity; it also serves as a traditional investment asset alongside gold. However, market sentiment remains cautious after higher-than-expected US inflation data dampened expectations that the Federal Reserve (FED) would cut interest rates anytime soon. US consumer inflation rose 3.8% in April, higher than the forecast of 3.7% and the highest level since May 2023.

Meanwhile, oil prices continued to rise for the third consecutive session as diplomatic efforts to resolve the conflict between the US and Iran failed to make progress, leaving inflation risks remaining high.

According to analyst Christopher Lewis, silver is currently approaching the upper end of its large trading range, with support around $70/ounce and resistance around $90/ounce. In this context, the market could retest the $80/ounce area – a region many investors consider to be "fair value" as it lies within this range.

If the price of silver surpasses $90 per ounce, the market could open up the possibility of a stronger rally, heading towards the $100 per ounce mark. However, this scenario still needs further confirmation from market developments and interest rates.

Conversely, the $70/ounce mark continues to be considered a crucial bottom for the market. Although the likelihood of breaking below this level is currently low, Lewis believes that a return to this level is still possible, especially given that the market has previously consolidated at this level for an extended period.

According to expert Lewis, the 50-day EMA is currently just below the $80/ounce mark and is a noteworthy technical factor. However, the most important point for silver remains the extremely high volatility of the market. Therefore, investors need to maintain a reasonable position size to manage risk.

According to Nhan Dan Newspaper

Source: https://baotuyenquang.com.vn/kinh-te/202605/sang-135-gia-bac-duy-tri-da-tang-manh-b104cb9/