According to data from Phu Quy Jewelry Corporation, silver prices remain stable today, with 999 fine silver quoted at VND 1,812,000 per tael (buy) and VND 1,868,000 per tael (sell). Over the past week, buyers have seen a 7.5% profit, and nearly 66% over the past year.
Meanwhile, 1kg 999 fine silver bars also surged, priced at VND 48,319,879 per bar (buy) and VND 49,813,209 per bar (sell), updated at 08:27 on October 2nd.
Globally, silver prices reached $47.25 per ounce.
Silver climbed above $47 per ounce on Wednesday (October 1st), marking a 14-year high as the U.S. government shutdown boosted safe-haven demand for precious metals after lawmakers failed to reach a temporary funding deal.
The shutdown will force hundreds of thousands of federal workers into temporary unemployment and halt critical services. Traders are now focusing on the duration, as a prolonged shutdown could delay key economic data ahead of the Federal Reserve’s late October meeting, including Friday’s non-farm payrolls report.
Simultaneously, the Silver Institute forecasts a global market deficit for the fifth consecutive year in 2025, estimating output at 844 million ounces, falling short of demand by approximately 100 million ounces. Stronger adoption of solar energy further enhances the metal’s appeal, alongside growing demand from consumer electronics and data centers.
Bitcoin Surges Amid US Government Shutdown Concerns
The Bitcoin surge has sparked a rally across major altcoins, with Ethereum (ETH), Solana (SOL), and XRP leading the charge, each recording impressive gains of 4–6% in the past 24 hours.
“Rich Dad Poor Dad” Author: ‘I’d Invest in This Asset Right Now—$100 Today Could Turn into $500 in a Year’
“With just $100, I’d invest in silver. The silver market is on the brink of a massive surge. I predict that $100 invested today could potentially grow to $500 within a year,” forecasts Robert Kiyosaki.
Silver Investors Extend Their Winning Streak
Silver prices today remain at a high level both domestically and globally.
Gold Ring and Bullion Prices Hit New Peak on September 30th Morning
Domestic gold prices continue to set new highs, with gold bars reaching a staggering 136.5 million VND per tael, while gold rings also hit a record 133.6 million VND per tael.
Silver Prices Surge: How Much Profit Have Buyers Made in the Past Year?
Silver prices today continue their robust upward trajectory both domestically and globally.
