Silver price today (February 16, 2025), domestic and world silver prices both decreased after the previous strong increase.
Silver price today at Phu Quy Jewelry Group, silver price decreased, listed at 1,219,000 VND/tael (buy) and 1,257,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other trading locations in Hanoi, domestic silver price turned down, currently listed at 994,000 VND/tael (buy) and 1,028,000 VND/tael (sell). In Ho Chi Minh City, silver price also decreased, currently at 996,000 VND/tael (buy) and 1,033,000 VND/tael (sell). World silver price decreased slightly, currently at 817,000 VND/ounce (buy) and 822,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on February 16, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell out | Buy | Sell out | ||
99.9 silver | 1 amount | 994,000 | 1,028,000 | 996,000 | 1,033,000 |
| 1 kg | 26,503,000 | 27,401,000 | 26,555,000 | 27,552,000 | |
| Silver 99.99 | 1 amount | 1,002,000 | 1,035,000 | 1,003,000 | 1,037,000 |
| 1 kg | 26,709,000 | 27,613,000 | 26,751,000 | 27,664,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 16, 2025:
Silver type | Unit | VND | |
Buy | Sell out | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,219,000 | 1,257,000 |
| Phu Quy 999 Silver Bar | 1 kg | 32,506,585 | 33,519,916 |
Latest update on world silver price on February 16, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell out | |
| 1 Ounce | 817,000 | 822,000 |
| 1 finger | 98,457 | 99,069 |
| 1 amount | 985,000 | 991,000 |
| 1 kg | 26,255,000 | 26,418,000 |
Silver closed at $32.55 an ounce, showing slight but steady volatility in the current market environment. Overall, the recent silver price trend paints a positive picture, with a combination of strong industrial demand and safe-haven sentiment.
According to MXV, the decline in the precious metals group reflects the strong impact of the newly released US economic data. Accordingly, the number of unemployment claims in this country decreased to 213,000, lower than the market forecast, while the producer price index in January increased by 0.4%, exceeding expectations. These figures reinforce the possibility that the US Federal Reserve (FED) will continue to maintain a tight monetary policy, causing the USD to strengthen and put pressure on the price of precious metals.
Despite short-term volatility due to macroeconomic and political factors, the long-term outlook suggests that silver will remain an attractive option for investors in 2025.
According to a Kitco News survey, 36% of investors believe silver will be the best-performing metal in 2025 (gold leads at 51%). This shows growing interest in silver as a strategic investment, especially as it is expected to benefit from both industrial and investment demand.
Analysts predict that silver prices could continue to rise to $36-40 an ounce in 2025.
Source: https://congthuong.vn/gia-bac-hom-nay-1622025-bac-do-ng-loat-gia-m-374018.html
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