Silver price today February 16, 2025: Silver fell across the board

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 transaction locations in Hanoi, domestic silver price turned to decrease, 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	Buy	Sell
Silver 99.9	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
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 prices on February 16, 2025:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	817,000	822,000
1 only	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 reflected 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 putting 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 with 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