Silver price today at Phu Quy Jewelry Group, Phu Quy silver price decreased, listed at 1,253,000 VND/tael (buy) and 1,292,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices reversed to decrease in both buying and selling directions, currently listed at 1,029,000 VND/tael (buy) and 1,058,000 VND/tael (sell). In Ho Chi Minh City, silver prices also increased, currently at 1,030,000 VND/tael (buy) and 1,064,000 VND/tael (sell). World silver prices have decreased in both buying and selling directions, currently at 839,000 VND/ounce (buy) and 844,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 1, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,029,000 | 1,058,000 | 1,030,000 | 1,064,000 |
| 1 kg | 27,428,000 | 28,226,000 | 27,480,000 | 28,377,000 | |
| Silver 99.99 | 1 amount | 1,036,000 | 1,066,000 | 1,038,000 | 1,068,000 |
| 1 kg | 27,634,000 | 28,438,000 | 27,676,000 | 28,489,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 1, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,253,000 | 1,292,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,413,250 | 34,453,247 |
Latest update on world silver prices on May 1, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 839,000 | 844,000 |
| 1 only | 101,173 | 101,800 |
| 1 amount | 1,012,000 | 1,018,000 |
| 1 kg | 26,980,000 | 27,147,000 |
At the end of the trading session, the world silver price was at 33.58 USD/ounce.
US officials have said President Donald Trump will issue an executive order to ease the impact of auto import tariffs, after many major automakers voiced opposition to the current policy.
Accordingly, auto manufacturers will enjoy tax credits of up to 15% of the value of vehicles assembled in the US. This credit can be deducted from the value of imported components, giving companies more time to restructure their supply chains and promote domestic production.
The softer stance from Washington has eased some concerns about the US economic outlook. Silver, with its dual role as a precious metal and an industrial raw material, has benefited from the strengthening manufacturing sector.
In the long term, James Hyerczyk - market analyst at FX Empire, assessed that the attraction of silver will increase as the supply in the market becomes increasingly scarce.
" According to the Silver Institute's latest forecast for 2025, silver will be short about 117 million ounces, marking the fifth consecutive year of supply falling short of demand, " he said.
According to James Hyerczyk, the prolonged undersupply situation, especially due to strong demand from green energy projects, will help to firmly support silver prices. Silver reserves are expected to continue to decline, creating a stable foundation for silver prices even when the market is volatile.
Source: https://congthuong.vn/gia-bac-hom-nay-152025-bac-lao-doc-385635.html
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