Silver prices plummet on New Year's Day.

Today's silver price (January 1st): Silver prices fell sharply on the first day of the new year 2025.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group saw a slight decrease, listed at 1,082,000 VND/ounce (buying price) and 1,115,000 VND/ounce (selling price) in Hanoi. Additionally, surveys at other trading locations in Hanoi show a significant drop in silver prices, currently listed at 907,000 VND/ounce (buying price) and 948,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices also decreased, currently at 909,000 VND/ounce (buying price) and 950,000 VND/ounce (selling price). The world silver price is currently at 736,000 VND/ounce (buying price) and 741,000 VND/ounce (selling price).

Specifically, here is the latest information on today's silver prices in the two largest markets , Hanoi and Ho Chi Minh City, on January 1, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	907,000	948,000	909,000	950,000
	1 kg	24,185,000	25,283,000	24,237,000	25,334,000
99.99% Silver	1 tael	915,000	956,000	916,000	958,000
	1 kg	24,391,000	25,495,000	24,433,000	25,546,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group as of January 1, 2025:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,082,000	1,115,000
999 Gold Ingots	1 kg	28,853,261	29,733,259

Latest update on world silver prices as of January 1, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	736,000	741,000
1 tael	88,773	89,387
1 tael	888,000	894,000
1 kg	23,673,000	23,837,000

Domestic and international silver prices experienced a sharp decline amid low liquidity due to the 2025 New Year holiday.

Although escalating geopolitical tensions between Israel and Iran typically support safe-haven assets like silver, pressure from rising 10-year US Treasury yields to 4.61% has pushed silver prices lower.

Furthermore, expectations regarding the US Federal Reserve's (FED) interest rate policy are also contributing to curbing the rise of silver, as the FED is believed to implement fewer interest rate cuts than expected in 2025.

Despite facing many uncertainties, experts predict a strong increase in silver prices next year due to industrial demand and limited supply…

Many analysts and investment banks believe that silver, once again, could outperform gold in 2025.

In its 2025 outlook report, commodity strategists at TD Securities stated that the economic recovery in the US and China in the second half of 2025 will significantly boost demand. “ We project the average price of silver to reach $36 per ounce in the final months of 2025, making it a superior asset within the commodity group ,” a representative from TD Securities noted.

Source: https://congthuong.vn/gia-bac-hom-nay-112025-bac-lao-doc-nga-y-da-u-nam-moi-367262.html