Silver prices fluctuated, rising and falling.

Today's silver prices (January 7, 2025): Domestic silver prices recorded a decrease, while world silver prices showed a slight upward trend.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group shows a slight increase, listed at 1,105,000 VND/ounce (buying price) and 1,139,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, the silver price tends to decrease slightly, currently listed at 927,000 VND/ounce (buying price) and 968,000 VND/ounce (selling price). In Ho Chi Minh City, the silver price also declined, currently at 928,000 VND/ounce (buying price) and 970,000 VND/ounce (selling price). World silver prices recorded a slight increase, currently at 757,000 VND/ounce (buying price) and 762,000 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 January 7, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	927,000	968,000	928,000	970,000
	1 kg	24,707,000	25,805,000	24,759,000	25,856,000
99.99% Silver	1 tael	934,000	976,000	936,000	978,000
	1 kg	24,913,000	26,017,000	24,955,000	26,068,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on January 7, 2025:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,105,000	1,139,000
999 Gold Ingots	1 kg	29,466,593	30,373,257

Latest update on world silver prices as of January 7, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	757,000	762,000
1 tael	91,236	91,849
1 tael	912,000	918,000
1 kg	24,330,000	24,493,000

Domestic silver prices fell slightly, contrary to the upward trend in global silver prices. Global silver prices fluctuated slightly due to pressure from the rise in 10-year US Treasury yields to 4.61%, along with expectations that the US Federal Reserve (FED) will cut interest rates less than previously predicted, putting pressure on assets such as silver.

The supply-demand imbalance for silver remains a long-term supporting factor. In 2024, production increased by only 2% to 1.03 billion ounces, while demand surged 7% to 1.21 billion ounces, resulting in a market deficit of 182 million ounces. This marks the fourth consecutive year of insufficient supply, primarily driven by industrial applications tied to green technologies. Demand from solar panel manufacturing and electric vehicle production continues to outpace supply, reinforcing the long-term bullish case for silver.

China's infrastructure stimulus package in 2025 is expected to further boost silver consumption, in line with the country's renewable energy initiatives. Industrial demand related to these projects could significantly tighten the future supply and demand dynamics for silver.

Source: https://congthuong.vn/gia-bac-hom-nay-712025-bac-tang-gia-m-trai-chie-u-368229.html