Silver price today 5/24/2025: Silver price increases but still lower than expected

Surveyed at 4:30 this morning, silver price today May 24, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,270,000 VND/tael (buy) and 1,309,000 VND/tael (sell). Compared to yesterday, silver price increased by 23,000 VND/tael in buying direction - increased by 20,000 VND/tael in selling direction.

In addition, according to a survey at other trading locations in Hanoi , domestic silver prices increased by VND5,000/tael in both buying and selling directions, currently listed at VND1,053,000/tael (buy) and VND1,083,000/tael (sell).

In Ho Chi Minh City, silver price increased by 5,000 VND/tael in both buying and selling directions compared to yesterday, currently at 1,055,000 VND/tael (buy) and 1,088,000 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 24, 2025:

Type	Unit	Silver price in Hanoi		Silver price in Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 liter	1,053,000	1,083,000	1,055,000	1,088,000
	1 kg	28,070,000	28,868,000	28,122,000	29,019,000
Silver 99.99	1 amount	1,060,000	1,091,000	1,062,000	1,092,000
	1 kg	28,276,000	29,080,000	28,318,000	29,131,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 24, 2025:

Silver type	Unit	VND
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,270,000	1,309,000
Phu Quy 999 Silver Bar	1 kg	33,866,582	34,906,579

Latest update on world silver prices on May 24, 2025:

In the world market, the silver price listed on Goldprice.org is at 33.27 USD/ounce, up 0.18 USD/ounce compared to yesterday.

World silver price today (VND)
Unit	Buy	Sell
1 Ounce	859,000	864,000
1 Only	103,583	104,208
1 Amount	1,036,000	1,042,000
1 Kg	27,622,000	27,789,000

Silver Price Forecast

Silver prices recorded modest gains, as money continued to flow into safe-haven assets ahead of the country's three-day holiday. Specifically, the price of silver for July delivery increased by 0.051 USD to 33.27 USD/ounce.

Silver prices remain lower than expected, but this is creating a huge incentive for silver mining companies around the world to cooperate and merge with each other.

There are only a handful of companies in the world that specialize in silver mining. These companies are starting to invest in expanding their operations, cutting operating costs and generating better returns for investors. Those who do are demanding more as many predict that silver will soon break through its long-term resistance level of $35 an ounce, ushering in a new wave of price increases.

Last week, another small silver miner was acquired, the fourth such deal since September. And recently, Adriatic Metals (ADT1.L), a UK-based miner, confirmed that it is in talks to be acquired by Dundee Precious Metals (DPM.TO), a mid-sized company with operations in Bulgaria and Serbia. If the deal goes through, Adriatic’s Vareš project in Bosnia, which covers about 50 square kilometres, would become part of Dundee’s larger mining portfolio.

From an investment perspective, high-risk silver ETFs such as SIL and SILJ have been performing very well, leading the rally in gold stocks since the mining market began to correct after last month's strong rally.

On the economic data front, Friday doesn't have many important reports, just new home sales figures.

Technically, the bulls also have a slight near-term advantage in July silver futures. Their next upside price objective is a break above the strong resistance at $34.015, while the bears would like to see prices fall below the support at the May low ($31.78). The immediate resistance is at $33.50 and $34.015, while the immediate support is at $33 and Thursday’s low ($32.74).

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Source: https://baonghean.vn/gia-bac-hom-nay-24-5-2025-gia-bac-tang-nhung-van-thap-hon-ky-vong-10298087.html