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Silver rose to $32.86 per ounce.

Báo Công thươngBáo Công thương18/02/2025

Today's silver prices (February 18, 2025) show an upward trend in both domestic and international markets, following a period of stability.


Today's silver price at Phu Quy Gold, Silver and Gemstone Group saw a slight decrease, listed at 1,214,000 VND/ounce (buying price) and 1,252,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices increased after a stable end-of-week session, currently listed at 1,003,000 VND/ounce (buying price) and 1,037,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices followed the same upward trend, currently at 1,005,000 VND/ounce (buying price) and 1,043,000 VND/ounce (selling price). World silver prices also increased slightly, currently at 826,000 VND/ounce (buying price) and 831,000 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 18, 2025:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

99.9% Silver

1 tael

1,003,000

1,037,000

1,005,000

1,043,000

1 kg 26,757,000 27,655,000 26,809,000 27,806,000
99.99% Silver 1 tael 1,011,000 1,045,000 1,013,000 1,047,000
1 kg 26,963,000 27,867,000 27,005,000

27,918,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on February 18, 2025:

Silver type

Unit

VND

Buy

Sell

Phu Quy 999 Silver Bars and Ingots

1 tael

1,214,000

1,252,000

999 Gold Ingots 1 kg 32,373,252 33,386,583

Latest update on world silver prices as of February 18, 2025:

Unit

Today's world silver price (VND)

Buy

Sell

1 Ounce

826,000

831,000

1 tael 99,546 100,160
1 tael 995,000 1,002,000
1 kg 26,546,000

26,709,000

In the precious metals market, at the close of trading on the first day of the week, the price of silver continued to rise to $32.86 per ounce, equivalent to an increase of 1.27%.

Over the past week, a series of economic data releases and changes in US tariff policies have drawn significant capital into the precious metals market.

Notably, on February 12th, the US Bureau of Labor Statistics also released its January Consumer Price Index (CPI) report. This report revealed that US inflation rose 0.5%, surpassing both the 0.4% increase in December and the market forecast of 0.3%. Concerns continued to mount following US President Donald Trump's announcement of retaliatory tariffs on countries that tax imports from the US. In addition, the US also released its January Producer Price Index (PPI), showing a 0.4% increase in producer prices that month.

The release of strong US economic data has caused fluctuations in expectations regarding the Federal Reserve's interest rate policy. This reflects continued strong demand for safe-haven assets, particularly from central banks worldwide, amid concerns that new US trade tariffs could dampen global economic growth. These factors have kept precious metal prices firmly in high territory over the past week.



Source: https://congthuong.vn/gia-bac-hom-nay-1822025-bac-len-muc-3286-usdounce-374263.html

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