Surveyed at 4:30 this morning, today's silver price May 10, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,251,000 VND/tael (buy) and 1,290,000 VND/tael (sell). Compared to yesterday, the silver price increased by 7,000 VND/tael in the buying direction, increased by 8,000 VND/tael in the selling direction.
In addition, according to a survey at other trading locations in Hanoi , domestic silver prices increased slightly in both buying and selling directions, currently listed at 1,041,000 VND/tael (buy) and 1,071,000 VND/tael (sell). Compared to yesterday, silver prices in Hanoi remained unchanged in both buying and selling directions.
In Ho Chi Minh City, silver prices also increased slightly, currently at 1,043,000 VND/tael (buy) and 1,077,000 VND/tael (sell). Compared to yesterday, silver prices in Ho Chi Minh City remained unchanged in the buying direction - increased by 1,000 VND/tael in the selling direction.
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 10, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,041,000 | 1,071,000 | 1,043,000 | 1,077,000 |
| 1 kg | 27,772,000 | 28,570,000 | 27,824,000 | 28,721,000 | |
| Silver 99.99 | 1 amount | 1,049,000 | 1,079,000 | 1,051,000 | 1,081,000 |
| 1 kg | 27,978,000 | 28,782,000 | 28,020,000 | 28,833,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 10, 2025:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,251,000 | 1,290,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,359,917 | 34,399,914 |
Latest update on world silver prices on May 10, 2025:
On the world market, the silver price listed on Goldprice.org is at 32.74 USD/ounce.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 850,000 | 855,000 |
| 1 Only | 102,465 | 103,092 |
| 1 Amount | 1,025,000 | 1,031,000 |
| 1 Kg | 27,324,000 | 27,491,000 |
Silver Price Forecast
Silver prices edged up slightly, supported by a weaker US dollar and rising crude oil prices. However, positive investor sentiment this week and a slight rise in US Treasury yields capped silver’s strong gains. Specifically, July silver futures rose $0.138 to $32.755 an ounce.
Asian and European stock markets were mixed, but mostly up slightly. Meanwhile, US markets are expected to open higher in New York trading. Optimism was bolstered by the US and UK reaching a trade deal, while investors are awaiting talks between the US and China later this week.
Although the US-China talks in Switzerland are just the beginning, the market hopes for positive progress toward restoring bilateral trade relations, according to David Morrison from Trade Nation.
However, he also warned that the stock market has rallied significantly from its lows a month ago, meaning many positive factors have already been priced in. If the outcome of the negotiations does not go as expected, investors may quickly sell stocks to reduce risk.
The effects of the trade war between the US and China are becoming more evident, especially in the shipping sector. According to Bloomberg, imports through the Port of Los Angeles have fallen by a third. One shipping CEO said shipments from China have fallen by as much as 60%.
Many US industries, including port handling, transportation and import retail, will be hit hard in the coming weeks. Shortages on supermarket shelves could soon follow. Even if the two countries reach a trade deal, it will take a long time to restore supply chains.
The US dollar continued to weaken, while NYMEX crude oil prices edged up to around $61.25 a barrel. The yield on the 10-year US Treasury note is currently at 4.382%.
Currently, silver bulls have a slight advantage in the short term. Their next target is to push the price above the strong resistance at $34.015/oz. Meanwhile, the bears are aiming to push the price below the important support at $31.00.
Prices to watch
Nearest Resistance: Yesterday's session high of $33.095, followed by this week's high of $33.48.
Nearest Support: This week's low is $32.16, followed by $32.00.
According to Wyckoff, the silver market is currently at 5.5/10, indicating a relative balance between buying and selling forces. However, if the price breaks above $34.015, the uptrend could strengthen. Conversely, if it falls below $31.00, selling pressure could increase.
Source: https://baonghean.vn/gia-bac-hom-nay-10-5-2025-gia-bac-trong-nuoc-va-the-gioi-tang-do-dong-usd-giam-10296939.html
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