Phu Quy silver prices this afternoon, January 8, 2026: All prices decreased compared to yesterday.
As of the afternoon of January 8, 2026, the price of Phu Quy 999 silver decreased across most products compared to January 7. World silver prices plummeted to just $76.33 per ounce.
Details of domestic silver prices on January 8th.
As of the afternoon of January 8, 2026, the price of 999 Phu Quy silver at the Phu Quy system has been adjusted downwards across most products compared to January 7.
Specifically, Phu Quy 999 silver bars (1 tael) are listed at 2,851,000 - 2,939,000 VND/tael, a decrease of 136,000 - 140,000 VND/tael in both buying and selling prices compared to yesterday.
For Phu Quy 999 silver bars (10 taels, 5 taels), today's trading price is also at 2,851,000 – 2,939,000 VND/tael, a decrease of 136,000 - 140,000 VND/tael in both buying and selling prices compared to yesterday.
For Phu Quy 999 sterling silver, the buying price today reached 2,851,000 VND/ounce, a decrease of 136,000 VND/ounce compared to yesterday. Notably, the selling price is only 3,354,000 VND/ounce, 160,000 VND/ounce lower than on January 7th.
In the bulk segment, Phu Quy 999 silver bars (1 kg) are listed today at 76,026,477 – 78,373,137 VND/kg. Compared to yesterday, the price of silver decreased by 3,626,657 VND/kg for buying and 3,733,324 VND/kg for selling, reflecting a clear adjustment in the physical silver market.
Domestic silver price list updated on the afternoon of January 8, 2026 (VND/ounce)
| Product | Buy now (8/1) | On sale (8/1) | Buy-sell spread | Selling price difference |
|---|---|---|---|---|
| Phu Quy Silver Bar Ag 999 – 1 tael | 2,851,000 | 2,939,000 | ↓136,000 | ↓140,000 |
| 999 Gold Lucky Silver Bars – 10L, 5L | 2,851,000 | 2,939,000 | ↓136,000 | ↓140,000 |
| Phu Quy 999 Sterling Silver Artistic Coin | 2,851,000 | 3,354,000 | ↓136,000 | ↓160,000 |
| 999 Sterling Silver Bar - 1 kg | 76,026,477 | 78,373,137 | ↓3,626,657 | ↓3,733,324 |
World silver prices and their fluctuations over the past 24 hours.
On the international market, silver prices fluctuated sharply today, unexpectedly plummeting from a peak of $82.50/ounce to just $76.33/ounce. By this morning, the precious metal had recovered to $77.75/ounce, but still fell by about 4% in a single session, indicating a significantly wider price range.
The price of silver generally follows the trend of gold; however, analysts warn that silver's volatility is often stronger. In the event of a reversal, the price of silver could fall more sharply than other precious metals. Nevertheless, in the medium and long term, the outlook for 2026 remains positive, after silver prices increased by 150% in 2025 due to strong investment and industrial demand, leading to a prolonged supply shortage.
TD Securities bets on a downward trend.
Notably, TD Securities (TDS) has issued a negative signal regarding the silver market. On January 7th, the bank's commodity analysts stated they opened a short position in March silver futures at $78 per ounce, targeting $40 per ounce and setting a stop-loss at $92 per ounce. March silver futures are currently trading around $77.94 per ounce, down nearly 4% on the day.
According to Daniel Ghali, senior commodity strategist at TDS, the short selling is taking place amid the bank's forecast of strong selling pressure as the market enters its annual index correction phase. He said that approximately 13% of the total open contracts on the Comex exchange could be sold in the next two weeks, thereby putting significant downward pressure on prices.
TDS also noted that supply and demand factors are showing signs of changing. The surge to $84/ounce last month is believed to have stemmed from serious disruptions in the physical silver supply chain. Continuously high industrial demand over several years has depleted inventories, contributing to the record price increase.
However, according to Ghali, the current high price levels are gradually rebalancing the physical market, making the upward trend less sustainable. He believes one of the factors that could trigger a sell-off is US President Donald Trump's policy decisions regarding silver's new role as an essential metal.
Furthermore, concerns about US import tariffs on silver have resulted in a large volume of silver imports in the first half of 2025 being "stuck" domestically. However, TDS does not predict that silver bullion will be subject to tariffs. If this is confirmed, a significant amount of physical silver could return to the global market, easing supply tensions.
“We expect no tax on silver bullion. Scrap silver and private reserves could continue to replenish the London market. The primary supply deficit is narrowing as demand weakens, which is a sign that the market may be approaching a cyclical peak,” Ghali commented.
Many other experts also argue that taxing silver is unlikely because it could severely harm the US manufacturing industry, while domestic production is insufficient to meet demand. Therefore, the market is unlikely to see a significant increase in supply in the short term.
This is the second time TDS has bet on a silver price decline. Previously, in October, the bank shorted silver when the price exceeded $50 per ounce, but had to close the position with a loss of approximately $2.4 million.
