Silver recovered to $33.49 per ounce.

Today's silver prices (February 22, 2025) show an upward trend both domestically and internationally due to concerns about global trade instability.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group remains stable, listed at 1,226,000 VND/ounce (buying price) and 1,264,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices continue to rise, currently listed at 1,027,000 VND/ounce (buying price) and 1,057,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices follow the same upward trend, currently at 1,029,000 VND/ounce (buying price) and 1,062,000 VND/ounce (selling price). World silver prices continue to rise sharply, currently at 837,000 VND/ounce (buying price) and 842,000 VND/ounce (selling price).

Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on February 22, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	1,027,000	1,057,000	1,029,000	1,062,000
	1 kg	27,384,000	28,182,000	27,436,000	28,333,000
99.99% Silver	1 tael	1,035,000	1,065,000	1,036,000	1,067,000
	1 kg	27,590,000	28,394,000	27,632,000	28,445,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on February 22, 2025:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,226,000	1,264,000
999 Gold Ingots	1 kg	32,693,252	33,706,582

Latest update on world silver prices on February 22, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	837,000	842,000
1 tael	100,939	101,553
1 tael	1,009,000	1,016,000
1 kg	26,917,000	27,081,000

The metals market was dominated by green in yesterday's trading session. At closing, silver prices recovered 1.34% to $33.49 per ounce – its highest level since late October 2024.

The main reasons driving the rise in metal prices stem from concerns about rising inflation in the US and signs of recovering consumer demand in China.

In a speech on February 19, US President Donald Trump pledged to work with the Republican Party to implement a series of deep tax cuts aimed at boosting consumption and investment. Trump's plan includes tax exemptions for service bonuses, Social Security benefits, and overtime pay, as well as tax incentives for domestic oil and gas producers. He also proposed allowing businesses to deduct all costs incurred from investments in new factories and other capital expenditures.

Although these policies are expected to stimulate economic growth, experts warn that they could increase budget deficits and put upward pressure on prices, bringing inflation back. This would fuel safe-haven asset purchases and support the prices of precious metals.

In addition, in the previous trading session, the Dollar Index fell 0.75%, to 106.37 points, moving away from its peak reached in nearly two years. The weakening USD makes silver and platinum more attractive to investors holding other currencies.

Source: https://congthuong.vn/gia-bac-hom-nay-2222025-bac-hoi-phuc-len-3349-usdounce-375032.html