Vietnamese Silver Prices Plummet, Buyers Take a Step Back

Silver prices have plummeted in recent sessions at domestic brands, prompting buyers to become more cautious.

Mrs. Do Thi Huong, a resident of Dong Anh commune in Hanoi, has been buying silver since the beginning of the year and is holding around 5kg of it.

She admits that she had previously bought silver at a price of about 80 million VND/kg but now the selling price is only around 59-60 million VND/kg, prompting her to be more careful in her purchases.

Mrs. Huong expressed that although the decrease in silver prices may be an opportunity to buy more, she does not want to spend a large amount of money at once and instead plans to buy little by little while monitoring price movements.