Silver connecting rods increase in value.

Today's silver prices (February 21, 2025) in both domestic and international markets continue to trend upwards 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 1,031,000 VND/ounce (buying price) and 1,060,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices follow the same upward trend, currently at 1,033,000 VND/ounce (buying price) and 1,066,000 VND/ounce (selling price). World silver prices continue to rise sharply, currently at 845,000 VND/ounce (buying price) and 851,000 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 February 21, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	1,031,000	1,060,000	1,033,000	1,066,000
	1 kg	27,482,000	28,280,000	27,534,000	28,431,000
99.99% Silver	1 tael	1,038,000	1,068,000	1,040,000	1,070,000
	1 kg	27,688,000	28,492,000	27,730,000	28,543,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on February 21, 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 as of February 21, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	845,000	851,000
1 tael	101,926	102,541
1 tael	1,019,000	1,025,000
1 kg	27,180,000	27,344,000

Amidst a sharp increase in silver inventories due to surging hoarding demand, the price of the precious metal remains under pressure as the US Federal Reserve (FED) continues to maintain high interest rates.

Since the end of November, silver inventories at the Chicago Mercantile Exchange (CME) have increased by 22%, reflecting the demand for silver hoarding in the US amid rising tensions.

Global silver prices saw a sharp increase at the close of trading on February 19, reflecting increased demand for silver in the US amid rising tensions.

However, precious metal prices are also facing pressure from forecasts that the Fed will not cut interest rates in March due to a stable labor market and persistently high inflation. High interest rates have driven up US bond yields, attracting capital flows into the USD, thereby reducing the attractiveness of precious metals.

Similar to gold, macroeconomic factors such as inflation and interest rates, geopolitical tensions, and policy changes influence the price of silver.

Source: https://congthuong.vn/gia-bac-hom-nay-2122025-bac-noi-da-tang-cao-374876.html