Silver Prices Surge on Recovery Momentum
The silver price has seen a significant increase in the last session of the week. As of August 15, the price of Ancarat 999 silver bars (1 tael) was listed at 2.283 - 2.342 million VND/tael (buying - selling), with an increase of 27,000 VND/tael on the buying side and an increase of 28,000 VND/tael on the selling side compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company was listed at 60.094 - 61.954 million VND/kg (buying - selling), with an increase of 728,000 VND/kg on the buying side and an increase of 748,000 VND/kg on the selling side compared to yesterday morning.
According to precious metals analyst Christopher Lewis, silver prices have increased in the past week, although there was a period of correction after a sharp increase. He believes that this development still shows positive signals as silver has recovered for about two weeks and is trying to reverse the trend.