Silver price today 5/23/2025: Silver price dropped quite sharply due to profit taking

Surveyed at 4:30 this morning, silver price today May 23, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,250,000 VND/tael (buy) and 1,289,000 VND/tael (sell). Compared to yesterday, silver price decreased by 22,000 VND/tael in both buying and selling directions.

In addition, according to a survey at other trading locations in Hanoi , domestic silver prices decreased by VND 6,000/tael in both buying and selling directions, currently listed at VND 1,048,000/tael (buy) and VND 1,078,000/tael (sell).

In Ho Chi Minh City, silver price decreased by 6,000 VND/tael for buying and 7,000 VND/tael for selling, currently at 1,050,000 VND/tael (buy) and 1,083,000 VND/tael (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 23, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,048,000	1,078,000	1,050,000	1,083,000
	1 kg	27,944,000	28,742,000	27,996,000	28,893,000
Silver 99.99	1 amount	1,056,000	1,086,000	1,057,000	1,088,000
	1 kg	28,150,000	28,954,000	28,192,000	29,005,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 23, 2025:

Silver type	Unit	VND
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,250,000	1,289,000
Phu Quy 999 Silver Bar	1 kg	33,333,250	34,373,247

Latest update on world silver prices on May 23, 2025:

On the world market, the silver price listed on Goldprice.org is at 33 USD/ounce, up 0.46 USD/ounce compared to yesterday.

World silver price today (VND)
Unit	Buy	Sell
1 Ounce	855,000	860,000
1 Only	103,109	103,735
1 Amount	1,031,000	1,037,000
1 Kg	27,496,000	27,663,000

Silver Price Forecast

Silver prices fell sharply in the US market, mainly due to short-term investors taking profits, but overall, the precious metal is still supported by the psychology of finding a safe haven when the global bond market shows signs of instability. Currently, the price of silver futures for July delivery decreased by 0.761 USD to 32.885 USD.

The market atmosphere this weekend was quite tense after the US Treasury Department's 20-year bond auction on Wednesday afternoon did not receive a positive response from investors.

This is considered an important event, because as Barrons magazine commented: "The bond market is like the stock market's experienced big brother, and when it fluctuates, the consequences are often unpredictable." The yield on the US 30-year bond has surpassed 5%, the highest level since October 2023.

Following the auction, Japanese bond yields also surged, pushing the yield on the country's 30-year government bond to a record 3.1872%. The event also sent shockwaves through global bond markets.

The US bond market is also reacting negatively to the news that the Trump administration’s tax and spending bill is making its way through Congress. The US Congressional Budget Office (CBO) forecasts that the bill will add $3.8 trillion to the budget deficit over the 2026-2034 period.

Meanwhile, Bitcoin has set a new record, surpassing the $110,000 mark, as money poured into the cryptocurrency market amid strong volatility in traditional assets. Asian and European stocks also fell overnight, while the US market is expected to open flat.

The dollar edged higher while Nymex crude oil prices fell to around $60.25 a barrel. The 10-year Treasury yield is currently at 4.6%. Markets will be looking ahead to a number of key economic data releases during the day, including the weekly jobless claims report, the Chicago Fed economic activity index, the purchasing managers index (PMI), existing home sales and the Kansas City Fed manufacturing survey.

Technically, the bulls have a slight advantage with a target of $34,015. On the other hand, the bears want a drop below $31.78 (May low).

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Source: https://baonghean.vn/gia-bac-hom-nay-23-5-2025-gia-bac-giam-kha-manh-den-tu-viec-chot-loi-10298006.html