Silver price today 5/13/2025: Silver price drops to record low

Silver price today May 13, 2025: Domestic and world silver prices plummeted to a record low in more than a week

Surveyed at 4:30 this morning, silver price today May 13, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,229,000 VND/tael (buy) and 1,267,000 VND/tael (sell). Compared to yesterday, silver price decreased by 30,000 VND/tael in buying direction - decreased by 31,000 VND/tael in selling direction.

In addition, according to a survey at other trading locations in Hanoi , domestic silver prices decreased by VND 6,000/tael in both buying and selling directions, currently listed at VND 1,036,000/tael (buy) and VND 1,066,000/tael (sell).

In Ho Chi Minh City, silver price decreased by 6,000 VND/tael for buying and 5,000 VND/tael for selling, currently at 1,038,000 VND/tael (buy) and 1,072,000 VND/tael (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 13, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,036,000	1,066,000	1,038,000	1,072,000
	1 kg	27,639,000	28,437,000	27,691,000	28,588,000
Silver 99.99	1 amount	1,044,000	1,074,000	1,046,000	1,076,000
	1 kg	27,845,000	28,649,000	27,887,000	28,700,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 13, 2025:

Silver type	Unit	VND
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,229,000	1,267,000
Phu Quy 999 Silver Bar	1 kg	32,773,251	33,786,582

Latest update on world silver prices on May 13, 2025:

On the world market, the silver price listed on Goldprice.org is at 32.54 USD/ounce.

World silver price today (VND)
Unit	Buy	Sell
1 Ounce	846,000	851,000
1 Only	101,966	102,592
1 Amount	1,020,000	1,026,000
1 Kg	27,191,000	27,358,000

Silver Price Forecast

Silver prices have been under strong selling pressure as they approached the $33.00 mark and then fell to their lowest level in more than a week. However, the precious metal still showed some resilience around the $32.00 area and is currently trading near $32.25, down more than 1.25% on the day.

The main reason for the decline in silver prices was a shift in investor sentiment toward riskier assets. This followed positive news over the weekend that the US and China were improving their trade relationship. The two countries agreed to reduce most tariffs on each other’s goods within 90 days, raising hopes of easing tensions between the world’s two largest economies.

Technically, XAG/USD continues to be rejected at the resistance zone located at the upper boundary of the short-term descending channel. Oscillators on both the daily and hourly charts are leaning towards the negative trend, suggesting the possibility of further declines in the short-term.

However, the current technical pattern is still a “bullish flag”, which usually appears after a recovery, as seen from the low of $28.45 in April, signaling the possibility of a long-term uptrend.

Given the current mixed technical setup, bearish investors should be cautious. If silver continues to decline, the area around $31.70 could see some bottom-fishing buying. The next support zone is near $31, at the bottom of the falling channel. A clear breach of this level would significantly increase bearish pressure in the short term.

On the other hand, the $32.65 price zone is now the nearest resistance before XAG/USD can retest the $33.00 level, which is also the resistance line of the descending channel. If the price breaks through firmly, this will be a confirmation signal for a new breakout, opening the way towards $33.70 and further to $34.

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Source: https://baonghean.vn/gia-bac-hom-nay-13-5-2025-gia-bac-giam-manh-ky-luc-10297135.html