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Silver price today 5/3/2025: Silver reverses to increase

Silver price today (May 3, 2025), domestic and world silver prices suddenly reversed and increased after 3 consecutive sessions of decline.

Báo Công thươngBáo Công thương02/05/2025

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price reversed to increase, listed at 1,249,000 VND/tael (buy) and 1,288,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to increase in both buying and selling directions, currently listed at 1,035,000 VND/tael (buy) and 1,065,000 VND/tael (sell). In Ho Chi Minh City, silver prices also increased, currently at 1,037,000 VND/tael (buy) and 1,071,000 VND/tael (sell). World silver prices increased simultaneously in both buying and selling directions, currently at 845,000 VND/ounce (buy) and 850,000 VND/ounce (sell).

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

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

1,035,000

1,065,000

1,037,000

1,071,000

1 kg 27,611,000 28,409,000 27,663,000 28,560,000
Silver 99.99 1 amount 1,043,000 1,073,000 1,045,000 1,075,000
1 kg 27,817,000 28,621,000 27,859,000

28,672,000

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

Silver type

Unit

VND

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,249,000

1,288,000

Phu Quy 999 Silver Bar 1 kg 33,306,583 34,346,581

Latest update on world silver prices on May 3, 2025:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

845,000

850,000

1 only 101,859 102,486
1 amount 1,019,000 1,025,000
1 kg 27,163,000

27,330,000

In the world market, the silver price listed on Goldprice.org is at 32.61 USD/ounce; up 0.27 USD.

Silver prices unexpectedly reversed higher in today's trading session. According to a Reuters poll of 29 traders and analysts, the average spot price forecast for silver is $33.10 an ounce in 2025.

Additionally, analysts revised their 2026 silver price forecast from $33.45 an ounce to $34.58 an ounce. They also expect the metal to be supported by supply-demand imbalances and the global clean energy transition.

While industrial demand is currently affected by a solar panel oversupply, this situation should improve soon. Demand from the automotive and artificial intelligence sectors will also help maintain the supply-to-demand deficit, which is forecast to continue to increase through 2026,” said StoneX analyst Rhona O’Connell .

Silver prices are set to rise just 12% in 2025, well below gold’s growth, according to Reuters, largely due to slowing industrial demand (which now accounts for more than half of total demand) and a lack of investment interest from central banks.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-352025-bac-da-o-chieu-u-tang-385797.html


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