Silver Prices Soar: Up Almost 14% in a Month

On June 10th, domestic silver prices also set a new benchmark, following the strong upward trend of global silver prices. Phu Quy Gold and Silver Group listed the bid-ask prices for silver bars at VND 1,375,000 – 1,418,000 per tael. Subsequently, silver prices continued to be adjusted.

As of 6:00 pm on the same day, the buying and selling prices of Phu Quy brand silver bars had risen to VND 1,393,000 – 1,436,000. The price of 1kg Phu Quy 999 silver bars climbed to VND 38,293,238.

On social media platforms, online gold and silver trading groups witnessed heightened transaction activities with market prices. Web/2. Investors also noted that silver prices had surged by 13.87% in less than a month (from May 15th, 2025, onwards).

According to Kitco.com, experts offered their insights on silver prices: this precious metal has been charting a course for a substantial price hike over the past several months. Numerous international experts forecast that silver prices could reach $40 this year and surpass the historical peak of $50 in 2026, as mentioned by Peter Krauth, author of ‘The Great Silver Bull’ and founder of SilverStockInvestor newsletter.

Silver has embarked on a long-awaited breakthrough rally, and the upward trajectory of this grey metal reflects something more significant.

Silver has witnessed robust buying momentum lately due to inflation concerns, whereas gold has not. Gold prices have already factored in much of the inflation risk, whereas silver prices have not yet done so. Silver remains undervalued and is predicted to continue its upward trend.

On June 5th, shares of silver mining companies witnessed substantial gains as spot silver prices soared to a 13-year high. Endeavour Silver (NYSE:EXK) led the pack with an 8% increase, closely followed by First Majestic Silver (NYSE:AG) at 7%, along with Hecla Mining and Coeur Mining (NYSE:CDE), both up by 6%. Other notable performers included Pan American Silver (NYSE:PAAS) and AngloGold Ashanti, each climbing by 4.5%…

The primary catalyst for the surge in silver mining company stocks was the sharp rise in spot silver prices, reaching $36.15 per ounce.

This precious metal’s price rally is attributed to a combination of factors: technical momentum, improved fundamentals, and growing investor interest in safe-haven assets.

Historically, gold and silver prices tend to move in the same direction. Over the past year, gold prices have risen by 44%, fueled by the escalating tariff wars led by the US and consistent buying from central banks. In contrast, silver prices have only increased by roughly 20%, lagging behind gold’s performance until recently.

The latest silver price surges are further bolstered by substantial inflows into silver-backed ETFs. According to Bloomberg data, holdings in these ETFs increased by 2.2 million ounces on Wednesday. Additionally, fund managers have also boosted their net long positions in silver futures contracts as of May 23rd.

Silver’s allure stems from its unique position as both a financial asset and an industrial commodity, especially with its critical role in clean energy technologies like solar panels.