Silver price today October 23, 2025: Silver price drops sharply after a period of hot growth

Domestic silver price today October 23, 2025

At Phu Quy company, Phu Quy 999 silver bar 1 tael is listed at 1,863,000 VND/tael for buying and 1,921,000 VND/tael for selling, down 16,000 VND in both directions compared to yesterday. The current buying-selling difference is 58,000 VND.

Phu Quy 999 silver bars with specifications of 10 taels and 5 taels also recorded similar prices, buying at 1,863,000 VND/tael and selling at 1,921,000 VND/tael, down 16,000 VND in both directions compared to yesterday.

The high-end product Phu Quy 999 silver art coin has a buying price of 1,863,000 VND/tael and a selling price of 2,192,000 VND/tael, down 16,000 VND and 19,000 VND respectively compared to the previous session. The difference in price of this product is 329,000 VND.

Phu Quy 999 silver bars of 1 kg were traded at a buying price of VND 49,679,876/kg and a selling price of VND 51,226,539/kg, a decrease of VND 426,665 in both directions compared to October 22. The buying - selling difference was VND 1,546,663.

Silver price today October 23: Silver price drops sharply after a period of hot growth

In the other branded silver segment, 999 silver over 500 taels (pieces - bars - ingots) has a buying price of VND 1,592,256/tael, down VND 13,514 compared to yesterday.

Silver 999 under 500 taels (pieces - bars - ingots) was traded at VND 1,545,880/tael for buying, down VND 13,120 compared to the previous session.

According to data from Vietnam Metals Exchange (VME), in the Hanoi market, 99.9 purity silver (1 tael) has a buying price of VND1,586,000 and a selling price of VND1,616,000, down VND10,000 in both directions compared to yesterday.

Higher purity 99.99 silver was listed at VND1,594,000 for buying and VND1,624,000 for selling per tael, down VND9,000 in both directions.

In Ho Chi Minh City, the price of 99.9 silver (1 tael) was at 1,588,000 VND (buy) and 1,621,000 VND (sell), down 10,000 VND in both directions. For 1 kg silver bars, silver was traded at 42,342,000 VND (buy) and 43,239,000 VND (sell), down 260,000 VND in both buying and selling.

Silver 99.99 in Ho Chi Minh City is priced at 1,595,000 VND for buying and 1,626,000 VND for selling per tael, down 10,000 VND and 9,000 VND compared to October 22. For 1 kg silver bars, the corresponding prices are 42,538,000 VND and 43,351,000 VND, down 260,000 VND in both directions.

World silver prices fell sharply due to profit-taking activities

As of 6:13 a.m. on October 23, the spot silver price on the world market was recorded at 48.356 USD/ounce, down 0.178 USD/ounce compared to the previous session. By 7:53 a.m., the silver price continued to fall to 48.282 USD/ounce, down 0.208 USD/ounce, or 0.43%.

Converted to Vietnamese currency, the world silver price is currently fluctuating around 1,270,000 VND/ounce for buying and 1,280,000 VND/ounce for selling, almost unchanged for buying and down 1,000 VND/ounce for selling compared to the morning of October 22.

The consecutive price declines in the last two sessions show that the silver market's correction trend is still continuing. Domestic silver prices are affected by the world silver price movement, where this precious metal is also in a downward adjustment phase after a period of overheating.

The silver market is experiencing a period of great volatility, with the precious metal falling as much as 5% in early trading in New York. Precious metals expert Christopher Lewis said that the overwhelming attention from investors on silver prices is often a sign of a necessary correction.

According to Mr. Lewis, after the silver price increased too quickly in a short period of time, the market needed a natural adjustment rhythm to regain balance.

The decline in silver prices was due to the temporary easing of concerns about global financial risks. Positive signals from US President Donald Trump's speech and positive business results from US banks helped stocks recover, bond yields increase, causing money to leave safe-haven assets such as gold and silver.

These fluctuations put silver prices under short-term correction pressure, although the long-term foundation is still assessed positively.

According to The Economic Times, since the beginning of 2025, silver prices have continued to increase strongly thanks to demand for use in the production of solar panels, renewable energy equipment and green industries. Along with that, global silver supply is at a low level, inventories are continuously decreasing, contributing to keeping silver prices at a high level compared to previous years.

In London, the physical silver market is in a state of scarcity as the price of silver for storage has increased by 39%. Some traders have even had to charter planes to transport silver from New York to London to meet demand.

This shows that while silver prices are correcting in the short term, there is still huge demand for the metal – especially in the industrial and clean energy sectors.

Source: https://baonghean.vn/gia-bac-hom-nay-23-10-2025-gia-bac-giam-manh-sau-giai-doan-tang-nong-10308754.html