Today's silver prices (March 2, 2025): Domestic and international silver prices reversed course and increased after the previous day's decline.
Today's silver price at Phu Quy Gold, Silver and Gemstone Group remains stable, listed at 1,182,000 VND/ounce (buying price) and 1,219,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices reversed their previous decline and are now listed at 1,014,000 VND/ounce (buying price) and 1,044,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices followed the same upward trend, currently at 1,016,000 VND/ounce (buying price) and 1,050,000 VND/ounce (selling price). World silver prices remain stable, currently at 796,000 VND/ounce (buying price) and 801,000 VND/ounce (selling price).
Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on March 2, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 1,014,000 | 1,044,000 | 1,016,000 | 1,050,000 |
| 1 kg | 27,046,000 | 27,844,000 | 27,098,000 | 27,995,000 | |
| 99.99% Silver | 1 tael | 1,022,000 | 1,052,000 | 1,024,000 | 1,054,000 |
| 1 kg | 27,252,000 | 28,056,000 | 27,294,000 | 28,107,000 | |
Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on March 2, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,182,000 | 1,219,000 |
| 999 Gold Ingots | 1 kg | 31,519,921 | 32,506,585 |
Latest update on world silver prices as of March 2, 2025:
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 796,000 | 801,000 |
| 1 tael | 95,930 | 96,546 |
| 1 tael | 960,000 | 966,000 |
| 1 kg | 25,598,000 | 25,762,000 |
At the close of trading, domestic silver prices edged higher again after the previous day's decline. Silver prices are influenced by macroeconomic factors such as inflation, interest rate policies, and geopolitical tensions. Although short-term fluctuations may occur, many experts remain confident in the long-term prospects of this precious metal as demand increasingly outpaces supply.
Forecasts from TD Securities continue to show a positive outlook for silver in the near future. Specifically, the price of this metal is expected to remain around $33.25/ounce in Q1 2025, then decline slightly to $33/ounce in Q2 and recover to $34/ounce in Q3 to peak at $36/ounce in Q4 2025 - equivalent to an increase of about 9% from the current price. Looking further ahead, by 2026, silver could continue its upward trend, heading towards $38-39/ounce.
The primary driver of silver prices lies in increasing industrial demand. Not only is it considered a safe-haven asset, but silver also plays a crucial role in the renewable energy sector, particularly in solar panel production. As countries accelerate their transition to clean energy, demand for this metal is projected to continue booming, contributing to the long-term support of silver prices.
Source: https://congthuong.vn/gia-bac-hom-nay-232025-da-o-chie-u-tang-manh-376327.html
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