Silver price today 2/3/2025: Silver stable

Silver price today (February 3, 2025), domestic and world silver prices stabilized after the previous sharp decline.

Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,152,000 VND/tael (buy) and 1,188,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other trading locations in Hanoi, silver price is stable after the previous decline, currently listed at 964,000 VND/tael (buy) and 998,000 VND/tael (sell). In Ho Chi Minh City, silver price remains unchanged, currently at 966,000 VND/tael (buy) and 1,003,000 VND/tael (sell). World silver price is stable with the same trend, currently at 786,000 VND/ounce (buy) and 791,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on February 3, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell ​​out	Buy	Sell ​​out
99.9 silver	1 amount	964,000	998,000	966,000	1,003,000
	1 kg	25,709,000	26,607,000	25,761,000	26,758,000
Silver 99.99	1 amount	972,000	1,006,000	973,000	1,008,000
	1 kg	25,915,000	26,819,000	25,957,000	26,870,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 3, 2025:

Silver type	Unit	VND
		Buy	Sell ​​out
Silver bars, Phu Quy 999 silver bars	1 amount	1,152,000	1,188,000
Phu Quy 999 Silver Bar	1 kg	30,719,923	31,679,921

Latest update on world silver price on February 3, 2025:

Unit	World silver price today (VND)
	Buy	Sell ​​out
1 Ounce	786,000	791,000
1 finger	94,730	95,335
1 amount	947,000	953,000
1 kg	25,261,000	25,423,000

After many volatile trading sessions as the US prepares to apply a new import tax framework, world and domestic silver prices tend to stabilize.

According to UBS, the correlation between silver and gold remains high, while the rise in prices with industrial metals further demonstrates silver’s dual role as both a precious and industrial metal. Therefore, UBS believes that there needs to be a shift towards cyclical commodities, which the bank expects to materialize by 2025.

The gold-silver ratio, currently at nearly 90 times, could see silver appreciate relative to gold. UBS believes this ratio is unsustainable unless a recession materializes. While silver lacks the support of central bank purchases, UBS notes that higher gold prices provide fundamental support.

Separately, data from the US Commerce Department showed that the Personal Consumption Expenditures Price Index (PCE) rose 0.3% last month, the largest increase since April 2024, amid a surge in consumer spending, suggesting the US Federal Reserve (FED) may not be in a hurry to continue cutting interest rates.

Source: https://congthuong.vn/gia-bac-hom-nay-322025-bac-on-dinh-371964.html