However, as the price level has risen high and the market has experienced numerous fluctuations, experts believe that investors need to carefully consider the risks before deciding to invest.

Should you invest in silver?

Chu Phuong, a respected gold expert, said that the upward momentum of silver and gold prices comes from information related to the CPI and inflation in the US, in which core inflation was lower than expected, thereby supporting the view that the Fed could cut interest rates about 2-3 times this year. This is considered positive information for the silver and gold markets.

According to Phuong, for more than a week, silver prices have increased very strongly, especially in the trading session on January 14. The strong upward trend of silver recently mainly comes from the "chase buying" of investors, causing prices to be pushed higher.

“In international markets, strong inflows from ETFs into silver have also added momentum to the price increase. In the medium and long term, the outlook for silver and gold markets in 2026 remains very positive. However, when prices are already high and technical indicators are entering overbought territory, investors should be mentally prepared for strong volatility,” Phuong warned.

In fact, international silver has seen several sharp sell-offs after the CME raised margin requirements, forcing investors to reduce leverage and triggering market corrections.

Even so, Phuong said this is not a worrying development, as the overall market trend remains upward and investment opportunities still exist. Volatile sessions such as December 30, 2025 or January 5 were mainly a “reshuffling” of investors.

Asked whether investors should choose silver instead of gold, Phuong said that since mid-last year she has recommended allocating part of a portfolio to silver. Silver is often described as the “beta version” of gold: it usually moves later, but when it rises, it can rise very quickly, as history has shown.

However, for risk-averse investors, she recommends that silver or gold should account for no more than about 30 percent of a portfolio. Investors who are not truly familiar with silver and lack portfolio allocation skills should not commit too much capital to a new investment channel.

At present, Phuong advises new investors to prioritize gold over silver and avoid FOMO (fear of missing out) when they do not fully understand the reasons behind price increases.

“Silver prices rise due to two main factors: its role as a safe-haven asset and its industrial demand, especially in photovoltaics and green economic development. This is real demand that reflects economic growth trends. On the other hand, if supply gradually catches up, silver prices could fall sharply,” she said.

Meanwhile, gold is still strongly guaranteed in the international market thanks to the trend of central banks buying gold to diversify reserve portfolios. Previously, the USD accounted for the largest proportion, but gold has become the second-largest reserve asset of central banks, even higher than the total traditional assets such as the euro, Japanese yen, and Swiss franc combined.

Therefore, according to the expert, in terms of safety, investing in gold offers higher stability than silver. Conversely, for investors who accept high risks, silver is still a channel where more capital allocation can be considered.

Silver price forecast and investment strategy

Gold expert Chu Phuong forecasts that world silver prices could reach approximately $100 per ounce in the first half of 2026. In the domestic market, a price level of VND100-110 million per kg of silver will soon appear on the electronic boards.

According to her, at this time, investing in silver means that investors must accept risk when prices are already at high levels. A suitable strategy, she said, is to divide capital into smaller portions, gradually disburse funds during corrections, and patiently wait for better opportunities.

“With technical indicators in a positive state, especially as the US has included silver in the list of strategic minerals, the silver price trend continues to increase. However, the higher the price, the stronger the volatility. 

Assessing investment performance, Phuong said that from the beginning of 2025 until now, the profitability of silver has been higher than that of gold. Domestic gold prices increased by about 80 percent, while silver prices increased by over 100 percent over the past year.

Nevertheless, when investing in silver, investors need to pay close attention to brand reputation, the buy-sell gap of trading units, product quality, and storage methods. Closely monitoring domestic and global price movements, as well as fluctuations of the US dollar, is also essential to limit risks.

Manh Ha