Silver price today 5/16/2025: Silver massively decreased

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price turned down, listed at 1,223,000 VND/tael (buy) and 1,261,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to decline in both buying and selling directions, currently listed at 1,016,000 VND/tael (buy) and 1,046,000 VND/tael (sell). In Ho Chi Minh City, silver prices also decreased, currently at 1,018,000 VND/tael (buy) and 1,051,000 VND/tael (sell). World silver prices decreased in both buying and selling directions, currently at 828,000 VND/ounce (buy) and 834,000 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 16, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,016,000	1,046,000	1,018,000	1,051,000
	1 kg	27,083,000	27,881,000	27,135,000	28,032/000
Silver 99.99	1 amount	1,023,000	1,053,000	1,025,000	1,055,000
	1 kg	27,289,000	28,093,000	27,331,000	28,144,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 16, 2025:

Silver type	Unit	VND
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,223,000	1,261,000
Phu Quy 999 Silver Bar	1 kg	32,613,252	33,626,583

Latest update on world silver prices on May 16, 2025:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	828,000	834,000
1 only	99,882	100,507
1 amount	999,000	1,005,000
1 kg	26,635,000	26,802,000

In the world market, the silver price listed on Goldprice.org is at 32.08 USD/ounce; down 0.66 USD compared to yesterday's trading session.

Silver prices came under heavy selling pressure on Wednesday as improving global risk sentiment and a cooling gold market dampened investor interest in the precious metal, according to FX Empire.

" Despite expectations of a 53 basis point rate cut by the Federal Reserve starting in September, silver is struggling to find support. Lower interest rates are generally beneficial for non-yielding assets like silver ," said James Hyerczyk, market analyst at FX Empire.

Meanwhile, expert Jim Wyckoff at Kitco assessed that July silver futures speculators still have the advantage in the short term.

The next target for the bulls is to push silver prices above the key resistance level at $34.015/oz. On the other hand, the bears are aiming to push prices below the solid support level at $31/oz.

The first resistance level for silver is at $33/ounce, followed by $33.48/ounce. Meanwhile, the current important support levels are $32/ounce and $31.86/ounce.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-1652025-bac-o-at-giam-387749.html