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Silver price today 5/2/2025: Silver continues to decline

Silver price today (May 2, 2025), domestic and world silver prices continued to plummet, falling sharply for the second consecutive session.

Báo Công thươngBáo Công thương02/05/2025

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price continues to decline, listed at 1,238,000 VND/tael (buy) and 1,276,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continue to decrease in both buying and selling directions, currently listed at 1,013,000 VND/tael (buy) and 1,043,000 VND/tael (sell). In Ho Chi Minh City, silver prices also trend downward, currently at 1,015,000 VND/tael (buy) and 1,049,000 VND/tael (sell). World silver prices have decreased in both buying and selling directions, currently at 826,000 VND/ounce (buy) and 832,000 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 2, 2025:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

1,013,000

1,043,000

1,015,000

1,049,000

1 kg 27,017,000 27,815,000 27,069,000 27,966,000
Silver 99.99 1 amount 1,021,000 1,051,000 1,022,000 1,053,000
1 kg 27,223,000 28,027,000 27,265,000

28,078,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 2, 2025:

Silver type

Unit

VND

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,238,000

1,276,000

Phu Quy 999 Silver Bar 1 kg 33,013,251 34,026,582

Latest update on world silver prices on May 2, 2025:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

826,000

832,000

1 only 99,632 100,259
1 amount 996,000 1,003,000
1 kg 26,569,000

26,736,000

In the world market, the silver price listed on Goldprice.org is at 32.34 USD/ounce; down 0.7 USD.

Silver prices fell as key US economic reports shook investor sentiment and lifted Treasury yields, said James Hyerczyk, market analyst at FX Empire.

With GDP falling and inflation rising again, silver is being hit by the combination of high interest rates, which are a safe haven, and a stronger US dollar due to rising bond yields ,” he said.

Besides, according to Kitco, silver price fell below 33 USD/ounce due to concerns about global economic recession affecting the consumption of this precious metal in industry.

In the long term, analysts say the solar sector will play a key role in the silver market, as global demand for cheap renewable energy continues to grow.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-252025-bac-noi-da-gia-m-385723.html


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