Today's silver prices (March 3, 2025) remain stable both domestically and internationally after the previous sharp increase.
Today's silver price at Phu Quy Gold, Silver and Gemstone Group remains stable, listed at 1,182,000 VND/ounce (buying price) and 1,219,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices are stable after the previous sharp increase, currently listed at 1,014,000 VND/ounce (buying price) and 1,044,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices follow the same stable trend, currently at 1,016,000 VND/ounce (buying price) and 1,050,000 VND/ounce (selling price). World silver prices remain stable, currently at 796,000 VND/ounce (buying price) and 801,000 VND/ounce (selling price).
Specifically, here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on March 3, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 1,014,000 | 1,044,000 | 1,016,000 | 1,050,000 |
| 1 kg | 27,047,000 | 27,845,000 | 27,099,000 | 27,996,000 | |
| 99.99% Silver | 1 tael | 1,022,000 | 1,052,000 | 1,024,000 | 1,054,000 |
| 1 kg | 27,253,000 | 28,057,000 | 27,295,000 | 28,108,000 | |
Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on March 3, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,182,000 | 1,219,000 |
| 999 Gold Ingots | 1 kg | 31,519,921 | 32,506,585 |
Latest update on world silver prices as of March 3, 2025:
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 796,000 | 801,000 |
| 1 tael | 95,997 | 96,613 |
| 1 tael | 960,000 | 966,000 |
| 1 kg | 25,599,000 | 25,763,000 |
At the close of trading, domestic and international silver prices remained stable, showing no significant fluctuations.
Forecasts from TD Securities continue to show a positive outlook for silver in the near future. Specifically, the price of this metal is expected to remain around $33.25/ounce in Q1 2025, then decline slightly to $33/ounce in Q2 and recover to $34/ounce in Q3 to peak at $36/ounce in Q4 2025, equivalent to an increase of about 9% from the current price. Looking further ahead, by 2026, silver could continue its upward trend, heading towards $38-39/ounce.
In the short term, silver prices may rise in line with gold due to market sentiment. However, if the global economic downturn persists, the negative impact from industrial demand could outweigh the impact, causing silver prices to fluctuate more sharply than gold.
The primary driver of silver prices lies in increasing industrial demand. Not only is it considered a safe-haven asset, but silver also plays a crucial role in the renewable energy sector, particularly in the production of solar panels.
Source: https://congthuong.vn/gia-bac-hom-nay-332025-bac-on-dinh-376438.html
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