Silver price today May 10: All increased

Specifically, at Phu Quy Gold and Gemstone Group, Phu Quy silver price increased slightly, listed at 1,251,000 VND/tael (buy) and 1,290,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices increased in both buying and selling directions, currently listed at 1,038,000 VND/tael (buy) and 1,068,000 VND/tael (sell).

In Ho Chi Minh City, silver prices are also on the rise, currently at VND1,040,000/tael (buy) and VND1,074,000/tael (sell).

World silver prices increased in both buying and selling directions, currently at 847,000 VND/ounce (buy) and 852,000 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 10, 2025:

In the world market, spot silver price is trading at 32.71 USD/ounce, up 0.10% compared to yesterday's trading session.

The developments come as global financial markets are closely monitoring signals from the US Federal Reserve (FED). After a two-day meeting, the Federal Open Market Committee (FOMC) decided to keep monetary policy unchanged as expected. However, the FOMC also warned of rising risks related to inflation and unemployment, as the US economy faces many uncertainties.

Analyst Jim Wyckoff from Kitco commented that the market is currently focusing on the upcoming press conference of FED Chairman Jerome Powell, with the expectation of more clear signals on policy direction in the coming time.

July silver futures bulls now hold the near-term advantage, aiming to push prices above resistance at $34.015 an ounce, while sellers aim to push prices below strong support at $31 an ounce, Wyckoff said.

Latest update on world silver prices on May 10, 2025: