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Silver price today 5/20/2025: Silver price increased slightly but still in a downward trend due to profit taking

Silver price today May 20, 2025: Domestic and world silver prices increased slightly, however, experts said that silver prices are still weakening in the context of a wave of profit-taking in the market after this precious metal reached a historic peak in April.

Báo Nghệ AnBáo Nghệ An19/05/2025

Surveyed at 4:30 this morning, silver price today May 20, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,244,000 VND/tael (buy) and 1,282,000 VND/tael (sell). Compared to yesterday, silver price increased by 3,000 VND/tael in both buying and selling directions.

In addition, according to a survey at other trading locations in Hanoi , domestic silver prices remained unchanged in both buying and selling directions, currently listed at VND 1,026,000/tael (buy) and VND 1,056,000/tael (sell).

In Ho Chi Minh City, silver prices remained unchanged in both buying and selling directions, currently at VND1,028,000/tael (buy) and VND1,062,000/tael (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 1,026,000
1,056,000
1,028,000
1,062,000
1 kg 27,373,000 28,171,000 27,425,000 28,322,000
Silver 99.99 1 amount 1,034,000 1,064,000 1,036,000 1,066,000
1 kg 27,579,000 28,383,000 27,621,000 28,434,000

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
Silver price today 5/20/2025: Silver price increased slightly but still in a downward trend due to profit taking

Latest update on world silver prices on May 20, 2025:

On the world market, the silver price listed on Goldprice.org is at 32.33 USD/ounce, down 0.06 USD/ounce compared to yesterday.

World silver price today (VND)
Unit Buy Sell
1 Ounce 837,000 843,000
1 Only 100,968 101,593
1 Amount 1,010,000 1,016,000
1 Kg 26,925,000 27,092,000

Silver prices recorded a slight increase, but experts said that the long-term trend is still facing many obstacles. James Hyerczyk commented that silver prices are still weakening in the same direction as gold, in the context of the market taking profit after the precious metal reached a historical peak in April.

He said that although the gold-silver ratio shows signs of adjustment, silver is still under pressure from macro factors, especially market sentiment is shifting unfavorably towards precious metals.

A key reason cited by James Hyerczyk is the strengthening of the US dollar. As the greenback enters its fourth consecutive week of gains, silver’s appeal has diminished significantly. This is especially evident in the context of improving global risk sentiment.

A temporary truce in the US-China tariff war also boosted the stock market, helping to ease geopolitical tensions, which in turn reduced demand for safe-haven assets such as silver and gold.

James Hyerczyk commented that silver is entering the new trading week with a weak trend, mainly due to the lack of momentum from safe-haven demand and unclear expectations about the US Federal Reserve's interest rate policy.

According to him, unless important economic data such as inflation or statements from the Fed show a clearer signal of easing policy, the downward pressure on silver prices will continue. In the short term, the bears still have the upper hand and dominate the market trend.

Source: https://baonghean.vn/gia-bac-hom-nay-20-5-2025-gia-bac-tang-nhe-nhe-nhung-van-trong-da-giam-do-chot-loi-10297708.html


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