Silver price today, May 12, 2026: Breaking through with a surge.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 3,029,000 VND/ounce (buying price) and 3,123,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the domestic silver price is currently listed at 2,728,000 VND/ounce (buying price) and 2,758,000 VND/ounce (selling price). In Ho Chi Minh City, the silver price is currently at 2,730,000 VND/ounce (buying price) and 2,764,000 VND/ounce (selling price). The world silver price is currently at 2,224,000 VND/ounce (buying price) and 2,229,000 VND/ounce (selling price).

Specifically, here is the latest information on domestic silver prices in the two largest markets, Hanoi and Ho Chi Minh City, as of May 12, 2026:

Silver type	Unit	Hanoi City (VND)		Ho Chi Minh City (VND)
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	2,728,000	2,758,000	2,730,000	2,764,000
	1 kg	72,755,000	73,553,000	72,807,000	73,704,000
99.99% Silver	1 tael	2,736,000	2,766,000	2,738,000	2,768,000
	1 kg	72,961,000	73,765,000	73,003,000	73,816,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on May 12, 2026:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	3,029,000	3,123,000
999 Gold Ingots	1 kg	80,773,131	83,279,792

Latest update on world silver prices as of May 12, 2026:

Unit	VND
	Buy	Sell
1 ounce	2,224,000	2,229,000
1 tael	268,151	268,785
1 tael	2,682,000	2,688,000
1 kg	71,507,000	71,676,000

On the world market, the price of silver is quoted at $81.44 per ounce, an increase of $1.13.

According to precious metals analyst James Hyerczyk from FX Empire, the silver market just recorded its best trading week since the beginning of the year amid a series of macroeconomic factors that provided positive momentum for the precious metal.

James Hyerczyk noted that many investors often assume the sharp rise in silver prices stems primarily from safe-haven demand. However, he believes the more significant factor is the evolution of interest rates in the financial markets.

The expert analyzed that silver is a non-yielding asset, so when US Treasury bond yields decline, the attractiveness of silver will increase significantly. Conversely, in a high-yield environment, money tends to shift towards assets that generate better returns.

Simultaneously, the USD index also weakened for most of the trading session as investors continuously adjusted their positions ahead of key economic data and reassessed the monetary policy outlook of the US Federal Reserve (FED).

According to Hyerczyk, the decline in the US dollar makes silver more attractive to investors holding other currencies, thereby supporting buying demand in the international market.

Furthermore, falling fuel prices are also considered one of the factors driving the rise in silver prices. Lower energy prices increase expectations of easing inflation, thereby opening up the possibility of the Fed having more room to adjust monetary policy in the near future. This development pushes US bond yields down further and creates a favorable environment for precious metals to appreciate.

FX Empire experts believe the market's focus this week will be on the US Consumer Price Index (CPI) report for April. After a long period of focusing on employment data, investors are now shifting their attention to the inflation outlook.

According to Hyerczyk, if inflation continues to remain higher than forecast, bond yields and the US dollar could recover, thereby putting downward pressure on silver prices. Conversely, if inflation shows signs of cooling down, expectations of an early Fed interest rate cut will increase and continue to support this precious metal.

Source: https://congthuong.vn/gia-bac-hom-nay-12-5-2026-tang-but-pha-456225.html