Silver prices on December 3, 2025: Domestic prices fall sharply, global prices fluctuate significantly after a period of rapid increases.
Domestic and international silver prices fell simultaneously this morning, December 3, 2025, after a series of sharp increases. Domestic brands adjusted their buying and selling prices.
Early this morning, December 3rd, the price of silver bars in the domestic market adjusted downwards at most major brands.
Phu Quy: The listed price for silver is 2.143 million VND/ounce for buying and 2.209 million VND/ounce for selling, a decrease of 17,000 and 18,000 VND/ounce respectively. For 1kg silver, the decrease is even more significant, with the buying price down by 403,000 VND/kg and the selling price down by 480,000 VND/kg.
Kim Phuc Loc SBJ (Sacombank): Listed buying price at 2.094 million VND/ounce, selling price at 2.145 million VND/ounce, down 21,000 VND/ounce in both directions.
Ancarat: The price of 2024 Ancarat 999 silver bars decreased by 20,000 VND/ounce for both buying and selling. For 1kg silver ingots (2025 Ancarat 999), the decrease was also significant, at 514,000 and 534,000 VND/kg respectively compared to the previous session.
The difference between the buying and selling prices at popular brands is approximately 50,000 - 67,000 VND/ounce for silver bars, and about 1.74 - 1.76 million VND/kg for 1kg silver ingots.
Spot silver prices in the Asian market opened this morning at $58.46 per ounce, higher than the previous session ($57.98 per ounce). However, after more than 90 minutes of trading, the price of silver had slightly decreased to $58.33 per ounce.
In recent sessions, silver has surged by as much as 15% in just six sessions due to supply shortages, causing money to shift to gold and driving up its price. Many investors believe that silver has significant growth potential due to the shortage of physical silver in production.
Expert Christopher Lewis (FX Empire) warns that the continuous surge in silver prices, reaching new highs, is unsustainable due to declining trading volume. He believes this growth is primarily driven by spot-futures price spreads and the closing of short positions, factors that often lead to rapid reversals. Although gold has more stable buying pressure, a sharp correction in silver could still drag gold down with it.
BNP Paribas expert David Wilson also noted that investors should consider the "high price" of silver as the gold/silver ratio approaches 70 times.
The history of silver prices shows that this metal is highly volatile. From a peak of $35/ounce in 1980, the price of silver plummeted to $5.50/ounce in just two years. More recently, silver reached a peak of nearly $50/ounce in 2011, before falling below $14 in 2015.
In Vietnam, the risks for silver investors are even higher due to the significant price difference between domestic and international silver prices, ranging from over 8 to 10 million VND/kg. The buy-sell spread among different brands is also very large, around 1.8 million VND/kg. Furthermore, the difficulty in controlling silver quality and its susceptibility to oxidation add to the concerns of holders.
