Silver price today October 24, 2025: Silver price increased slightly then turned down

Domestic silver price today October 24, 2025

At Phu Quy company, Phu Quy 999 silver bar 1 tael is listed at 1,862,000 VND/tael for buying and 1,920,000 VND/tael for selling, a slight decrease of 1,000 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 1,862,000 VND/tael and selling at 1,920,000 VND/tael, down 1,000 VND in both directions compared to yesterday.

The high-end product Phu Quy 999 silver art coin has a buying price of 1,862,000 VND/tael and a selling price of 2,191,000 VND/tael, down 1,000 VND in both directions 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 49,653,209/kg and a selling price of VND 51,199,872/kg, down VND 26,667 in both directions compared to October 23. The buying - selling difference was VND 1,546,663.

Silver price today October 24, 2025: Silver price increased slightly then turned down

In the other branded silver segment, 999 silver over 500 taels (pieces - bars - ingots) has a buying price of VND 1,591,927/tael, down VND 329 compared to yesterday.

Silver 999 under 500 taels (pieces - bars - ingots) was traded at VND 1,545,560/tael for buying, down VND 320 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 VND 1,590,000 and a selling price of VND 1,620,000, an increase of VND 4,000 in both directions compared to yesterday.

Higher purity 99.99 silver was listed at VND1,598,000 for buying and VND1,628,000 for selling per tael, up VND4,000 in both directions.

In Ho Chi Minh City, the price of 99.9 silver (1 tael) was at 1,592,000 VND (buy) and 1,625,000 VND (sell), up 4,000 VND in both directions. With 1 kg silver bars traded at 42,448,000 VND (buy) and 43,345,000 VND (sell), up 106,000 VND in both buying and selling directions.

Silver 99.99 in Ho Chi Minh City is priced at 1,599,000 VND for buying and 1,630,000 VND for selling per tael, an increase of 4,000 VND in both directions compared to October 23. For 1 kg silver bars, the corresponding prices are 42,644,000 VND and 43,457,000 VND, an increase of 106,000 VND in both directions.

World silver prices fell sharply due to profit-taking activities

On the morning of October 24, the world silver spot price in the Asian market opened at 48.93 USD/ounce, up 0.44 USD/ounce (equivalent to 0.91%) compared to the previous session.

However, at 9:16 a.m. (Hanoi time), the world silver price dropped to 48.50 USD/ounce, losing 0.37 USD/ounce in just a few hours of trading.

The erratic movements of world silver prices reflect the cautious sentiment of investors in the context of the precious metal market entering a sensitive phase, affected by both supply and demand factors and the global economic situation.

Investors should prepare for more volatility as global silver prices are being affected by a severe supply shortage, according to Robert Minter, Director of ETF Investment Strategy.

The silver market has been in deficit for four consecutive years due to strong industrial demand, while global silver inventories have fallen sharply. Since 2016, silver mine production has fallen 8.8%, while demand has continued to rise, especially in the renewable energy and high-tech equipment manufacturing industries.

It is the imbalance between supply and demand that causes world silver prices to fluctuate strongly, becoming the focus of attention of investment funds and precious metal traders.

Experts agree that the world silver price reflects a serious imbalance between limited supply and high demand. In the short term, the market may fluctuate, but in the long term, the upward trend of silver is difficult to reverse.

Source: https://baonghean.vn/gia-bac-hom-nay-24-10-2025-gia-bac-tang-nhe-roi-quay-dau-giam-10308921.html