Silver prices hit a record high today, December 4, 2025.
Today, December 4, 2025, silver prices continued to rise across most domestic brands, while the global market remained above $58 per ounce, reinforcing the upward trend.
Domestic silver prices are approaching 2.3 million VND per tael.
This morning, the price of silver in Phu Quy was recorded at 2.184 million VND/ounce for buying and 2.252 million VND/ounce for selling. Each price increased by 41,000 VND/ounce compared to the previous session, resulting in a difference of 67,000 VND/ounce.
For 1kg of silver, Phu Quy listed the buying price at 58.239 million VND/kg and the selling price at 60.053 million VND/kg. The price of 1kg of silver decreased slightly by more than 1 million VND in each direction, bringing the difference to 1.814 million VND/kg.
Sacombank's Kim Phuc Loc SBJ silver bars were priced at 2.133 million VND/ounce for buying and 2.187 million VND/ounce for selling this morning. The price of silver increased by 39,000 VND/ounce for buying and 42,000 VND/ounce for selling. The difference between the buying and selling prices is currently 54,000 VND/ounce.
At Ancarat, 2024 999 silver bars are listed at 2.201 million VND/ounce for buying and 2.251 million VND/ounce for selling. Each price increased by 20,000 VND/ounce compared to the previous session, with a difference of 50,000 VND/ounce.
2025 silver ingots (1kg) reached VND 57.766 million/kg for buying and VND 59.526 million/kg for selling. The prices increased by VND 512,000 and VND 532,000/kg respectively, bringing the difference to VND 1.760 million/kg.
Overall, the market shows a sharp increase in domestic silver prices across most brands. Specifically, Phu Quy's 1kg silver product has now exceeded 60 million VND/kg. The selling price of silver at many businesses is approaching 2.3 million VND/ounce.
World silver prices have risen sharply for several weeks.
World silver prices opened at $58.48 per ounce on the morning of December 4th, a slight increase compared to the previous session. The price fluctuated between $57.55 and $58.97 per ounce. After a few tens of minutes of trading, the price slightly decreased to $58.45 per ounce.
In the last two weeks, the price of silver has increased by more than 20% and is 62% higher than at the beginning of August. Over the past three years, silver has increased 3.3 times, surpassing gold's 2.5-fold increase. This rapid upward trend is causing profit-taking in the market and affecting the gold/silver ratio.
Demand for silver in the production of solar panels, wind power, and energy batteries continues to surge, becoming the main driver keeping silver prices high. The global green energy economy is estimated by the WEF to exceed $7 trillion per year by 2030, leading to sustained growth in silver consumption.
Metals Focus forecasts that the market could face a long-term shortage, as silver substitutes are not yet able to meet current technical standards.
Silver price forecast
Many forecasts are setting new price targets for silver. Coincodex expects the price to reach $61/ounce next week, rise to $72.7/ounce this month, and nearly $88.5/ounce in the next three months.
Despite the recovery of the USD and strong stock market growth, silver prices continue to climb due to supply shortages in the international market. Reserves in London are declining, and inventories at the Shanghai Exchange have fallen to their lowest level in 10 years.
