Silver price today May 24: Domestic price decreased, world price increased

Domestic silver price

At 5:30 a.m. on May 24, Phu Quy Gold and Gemstone Group ( Hanoi ) listed Phu Quy silver price at VND 1,273,000/tael (buy) and VND 1,312,000/tael (sell), down VND 1,000/tael for both buying and selling compared to yesterday morning's trading session.

Also in Hanoi, according to a survey at other trading locations, domestic silver prices decreased in both buying and selling directions, currently listed at VND1,056,000/tael (buy) and VND1,086,000/tael (sell), down VND4,000/tael compared to yesterday morning's trading session.

In Ho Chi Minh City, silver price is currently listed at 1,058,000 VND/tael (buy) and 1,092,000 VND/tael (sell), down 4,000 VND/tael for buy and 3,000 VND/tael for sell.

Latest information on silver prices in Hanoi and Ho Chi Minh City on May 24, 2025:

Silver type	Unit	Hanoi	Ho Chi Minh City
Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,056,000	1,086,000	1,058,000	1,092,000
	1 kg	28,256,000	28,963,000	28,217,000	29,114,000
Silver 99.99	1 amount	1,064,000	1,094,000	1,065,000	1,096,000
	1 kg	28,371,000	29,175,000	28,413,000	29,226,000

World silver price

In the world market, according to giabac.net, at 05:38:14 on the morning of May 24, the spot silver price was trading at 33,483 USD/ounce, an increase of 1,062 USD/ounce compared to yesterday morning's trading session.

Previously, the world silver price listed on Goldprice.org was at 33.12 USD/ounce; down 0.43 USD compared to early this morning.

The world silver price is currently at 869,000 VND/ounce for buying and 875,000 VND/ounce for selling, an increase of 10,000 VND/ounce for buying and 11,000 VND/ounce for selling compared to yesterday morning's trading session.

Silver prices are under pressure and falling after approaching the April peak at $33.70/ounce, according to FX Empire.

"A stronger US dollar coupled with rising Treasury yields has put pressure on gold and silver," said James Hyerczyk, market analyst at FX Empire.

The 30-year yield hit 5.14%, its highest since October 2023, while the 10-year yield rose to 4.62%. Rising yields make holding silver and gold more expensive, putting downward pressure on both precious metals.

Silver is also being affected by profit-taking by investors, which has dampened the precious metal’s recent rally, the expert added.

“While industrial demand remains supportive of the long-term uptrend, the failure of prices to hold recent highs suggests that buyer confidence is waning,” he assessed.

James Hyerczyk said that while the overall trend remains positive, silver has yet to break above resistance.

Source: https://baodaknong.vn/gia-bac-hom-nay-24-5-trong-nuoc-giam-the-gioi-tang-253502.html