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 |
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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