Silver bars and coins stacked on each other, with a focus on the bars.
At the Phu Quy Gold and Gemstone Group, silver prices dipped slightly but remained at elevated levels, quoted at VND 1,395,000/tael (buying) and VND 1,438,000/tael (selling) in Hanoi. Silver prices have surged by 38.4% over the past year, marking the highest level since the launch of this silver bar product.
Meanwhile, the 999 fine silver bar weighing 1kg was priced at VND 37,199,907/bar (buying) and VND 38,346,571/bar (selling), as of 8:49 am on June 12th.
Line graph showing the upward trend of silver prices over time, with a focus on the $36/ounce mark.
In the global market, silver prices reached $36.3/ounce, slightly down from the previous session, equivalent to VND 946,000–951,000/ounce. Silver prices breached the $36/ounce level, the highest since 2011. Experts at GSC Commodity Intelligence view this as a booming investment opportunity with the most significant profit margin in 2025. Prices have climbed over 30% year-to-date, and analysts believe this upward trajectory is just beginning.
Unlike gold, which has been grabbing investors’ attention, silver has quietly become one of the best-performing assets in the commodities market. “The $50/ounce level could come much sooner than expected. This time, silver may surpass that mark by a wide margin,” said Phil Carr, head trader at GSC Commodity Intelligence.
A significant portion of this rally can be attributed to the AI technology revolution, clean energy, and global data infrastructure, which are driving up demand for silver—the world’s best conductive metal and an irreplaceable component in AI chips, data centers, and high-tech sensors.
However, silver supply cannot expand accordingly. In 2024, the silver market faced a deficit of 184 million ounces—the fifth consecutive year of shortfall. More than 70% of silver is currently a byproduct of copper and lead mining, making it challenging to increase production. Declining reserves and lagging recycling efforts further strain supply.
“It is becoming increasingly clear that silver supply cannot keep up with the tech industry’s thirst,” emphasized the report from GSC Commodity Intelligence.
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This morning, silver prices continued their upward trajectory in the global market, surging to a high of $37 per ounce. Last weekend, silver witnessed a remarkable rally, soaring from $34 to $36 per ounce within a few hours. Phu Quy’s selling price for silver has climbed to 1,418,000 VND per tael.
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