Silver continues its strong upward trend.

Today's silver prices (February 20, 2025): Domestic and international silver prices continue to trend upwards during the trading session.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group is rising, listed at 1,228,000 VND/ounce (buying price) and 1,266,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices continue to increase, currently listed at 1,030,000 VND/ounce (buying price) and 1,060,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices also followed a strong upward trend, currently at 1,032,000 VND/ounce (buying price) and 1,066,000 VND/ounce (selling price). World silver prices continue to rise, currently at 838,000 VND/ounce (buying price) and 843,000 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 20, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	1,030,000	1,060,000	1,032,000	1,066,000
	1 kg	27,480,000	28,278,000	27,532,000	28,429,000
99.99% Silver	1 tael	1,038,000	1,068,000	1,040,000	1,070,000
	1 kg	27,686,000	28,490,000	27,728,000	28,541,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on February 20, 2025:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,228,000	1,266,000
999 Gold Ingots	1 kg	32,746,585	33,759,916

Latest update on world silver prices as of February 20, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	838,000	843,000
1 tael	101,075	101,691
1 tael	1,011,000	1,017,000
1 kg	26,953,000	27,117,000

At the close of trading, the spot price of silver settled at $33.08 per ounce, a sharp increase of 0.49%. Concerns about global trade instability continued to support the upward trend in silver prices.

Furthermore, 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. However, the price of the precious metal also faces pressure from forecasts that the US Federal Reserve (FED) will not cut interest rates in March. This is 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 the precious metal.

Source: https://congthuong.vn/gia-bac-hom-nay-2022025-bac-tiep-da-tang-manh-374695.html