Silver price today at Phu Quy Jewelry Group, Phu Quy silver price increased slightly, listed at 1,244,000 VND/tael (buy) and 1,282,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver prices reversed and increased slightly in both buying and selling directions, currently listed at 1,036,000 VND/tael (buy) and 1,066,000 VND/tael (sell). In Ho Chi Minh City, silver prices also increased, currently at 1,038,000 VND/tael (buy) and 1,071,000 VND/tael (sell). World silver prices increased in both buying and selling directions, currently at 845,000 VND/ounce (buy) and 850,000 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 20, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,036,000 | 1,066,000 | 1,038,000 | 1,071,000 |
| 1 kg | 27,624,000 | 28,422,000 | 27,676,000 | 28,573,000 | |
| Silver 99.99 | 1 amount | 1,044,000 | 1,074,000 | 1,045,000 | 1,076,000 |
| 1 kg | 27,830,000 | 28,634,000 | 27,872,000 | 28,685,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 20, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,244,000 | 1,282,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,173,250 | 34,186,581 |
Latest update on world silver prices on May 20, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 845,000 | 850,000 |
| 1 only | 101,909 | 102,535 |
| 1 amount | 1,019,000 | 1,025,000 |
| 1 kg | 27,176,000 | 27,343,000 |
On the world market, the silver price listed on Goldprice.org is at 32.41 USD/ounce.
Silver prices recovered slightly this morning. However, James Hyerczyk, market analyst at FX Empire, said that silver is still weakening in tandem with gold, as the precious metal is under profit-taking pressure after hitting a record high in April.
" Although the gold-silver ratio has started to correct, silver is still weighed down by macro factors and market sentiment is gradually becoming more unfavorable for the precious metals group ," he said.
A stronger US dollar continues to be the main factor driving silver lower, said James Hyerczyk. As the greenback enters its fourth consecutive week of gains, the appeal of dollar-denominated assets such as silver is waning, especially amid improving global risk sentiment.
Silver entered the new week with a downward trend, due to weakening safe-haven demand and unclear expectations of a rate cut by the US Federal Reserve (FED), the expert added.
" Unless upcoming data, including new inflation numbers or Fed commentary, changes the policy outlook or weakens the dollar, silver prices are likely to remain under pressure. For now, the bears are in control, " said James Hyerczyk.
Source: https://congthuong.vn/gia-bac-hom-nay-2052025-dao-chieu-tang-nhe-388319.html
Comment (0)