Over the past month, the silver market in some countries has been feverish as money flows in strongly, causing the price of this commodity to continuously set new high records.
In India, according to MoneyMetals , the silver rush has pushed prices to a 14-year high, with physical supply unable to keep up with demand. Silver prices have hit record highs but are still in high demand. Money has also poured into silver ETFs and futures contracts.
In many countries, demand for silver has also increased sharply. In some countries where silver is not popular, such as Vietnam, prices have also increased and there are signs of active trading.
On major commodity exchanges, silver prices have continuously set new highs. On the morning of July 16, silver prices on the Asian market increased by 0.35% to over 37.8 USD/ounce, after a slight decrease from the historical peak of the past 14 years.
From the end of March to July 14, or about 3 months, the world silver price increased by nearly 22%, from 32 USD to a peak of 39 USD/ounce - much higher than the 4-5% increase of gold.
Silver has recently been considered by investors as the “king” asset with outstanding returns. In 2024, gold increased by about 27% on international exchanges, 34% in India, while silver also increased by 21%.
In Vietnam, the price of silver bars has also been increasing steadily over the past few weeks, reaching VND1.5 million/tael on July 14 (equivalent to about VND40 million/kg), VND8 million higher than at the beginning of the year. After a decrease in the session on July 15, the price of silver rose again to nearly VND1.49 million/tael on the morning of July 16.
Indian investors are still rushing to buy silver and betting on the commodity despite its peak prices. Silver is traditionally seen as a choice for small-cap and rural investors, but has recently attracted the attention of people/investors in cities as well.
At a much lower price than gold, silver offers a psychological ease of trading. Monthly purchases are also convenient.
Demand for silver has surged due to the boom in solar energy, electric vehicles and strong flows into silver exchange-traded funds. In India, silver imports in May alone increased more than fivefold from a year earlier to 544 tonnes.
Indians’ interest in silver is not new, but the trend is being revived by record high silver prices. Over the past decade, investors have accumulated more than 17,500 tonnes of silver in the form of coins and bars. The country ranks as the world’s largest consumer of silver jewelry and utensils.
Global silver investment activity surged in the first half of 2025 due to increased geopolitical and economic uncertainty, coupled with positive price expectations.
Silver, once a “cheap option,” has become the new star of the precious metals market. Silver prices have also been supported recently by positive signs in trade negotiations between China and the United States.
Silver prices have also increased sharply due to increased industrial demand. This is an indispensable raw material in many high-tech and renewable energy industries, especially the boom in solar power and electric vehicles (EV). Silver is used as a conductor in solar panels (photovoltaic cells) and in many parts of electric vehicles due to its high conductivity and durability.
In addition, silver is widely used in electronic devices and 5G technology, in the semiconductor chip industry. The boom of artificial intelligence (AI) technology has also caused the demand for silver to skyrocket. Meanwhile, the supply of silver is limited. Major silver mines are becoming increasingly scarce.
Source: https://vietnamnet.vn/xe-dien-nang-luong-mat-troi-bung-no-khien-dau-tu-bac-gay-bat-ngo-lon-2422231.html
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