According to data from Phu Quy Jewelry Corporation, silver prices surged today, with 999 fine silver (1 tael) listed at VND 1,680,000 (buy) and VND 1,732,000 (sell). Over the past week, buyers have seen a 5.8% profit, and a 55.5% gain over the past year.
Meanwhile, 999 fine silver bars (1 kg) are priced at VND 44,799,888 (buy) and VND 46,186,551 (sell), updated at 08:36 on September 25th.
Globally, silver prices rebounded to $43.82 per ounce.
Silver prices dipped slightly from their 14-year high above $44 per ounce as traders reassessed the Federal Reserve’s outlook following cautious remarks by Chairman Jerome Powell. Powell warned that the timing of rate cuts remains uncertain, highlighting the Fed’s challenge in balancing inflation control with signs of labor market weakness. He also noted that tariff-driven inflation has been lower than expected, allowing for a less restrictive stance.
While many investors eye the all-time high of $50 per ounce, one analyst suggests this rally is still in its early stages, with the potential for silver to climb another $6.
Kargutkar stated he sees no shift in market momentum soon, as current mine supply struggles to meet demand. He added that silver has become critically important to the global economy.
A specific segment of the global economy is the ongoing energy transition and growing demand for solar power, where silver is a vital component in photovoltaic cells.
“Solar energy has emerged as a cost-effective alternative to heavy fuels. While it’s challenging to rely solely on solar as a base load, it’s undoubtedly a valuable addition to the overall energy mix,” he remarked.
Silver Prices Surge to New Heights
Silver prices today, both domestically and internationally, continue their upward trajectory, maintaining a strong and consistent rise.
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Is Gold Expensive or Affordable?
Even as gold achieves its strongest growth since 1979, no analyst is advising investors to slow down.
Gold and Silver Prices Surge: The Rise of Diversified Asset Portfolios
Following the U.S. Federal Reserve’s interest rate cut, gold and silver prices surged. Gold has hovered around $3,700 per ounce over the past week, marking a nearly 40% increase since the start of the year. Silver broke past $43 per ounce, achieving its highest gain on record. Phú Quý-branded 999 fine silver bars soared to 45.4 million VND per kilogram.
Afternoon of September 19th: Gold Ring Prices Continue Downward Trend
As of the morning of September 19th, SJC gold prices remain relatively stable compared to the previous day’s close, trading within the range of 130.0 to 132.0 million VND per tael. Meanwhile, prices for plain gold rings continue to decline, dropping by approximately 200,000 to 300,000 VND per tael.
