Silver price today May 30: All increased

World and domestic silver prices both increased slightly in this morning's trading session - this is the second consecutive increase. Forecasting silver prices, expert Blanch said that silver is an attractive investment because it has the characteristics of both a precious metal and an industrial metal with a very low increase compared to gold.

Domestic silver price

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price continued to increase again, listed at 1,276,000 VND/tael (buy) and 1,315,000 VND/tael (sell) in Hanoi .

Also in Hanoi, according to a survey at other trading locations, domestic silver prices increased in both buying and selling directions, currently listed at VND1,064,000/tael (buy) and VND1,094,000/tael (sell), an increase of VND2,000/tael in both buying and selling directions compared to yesterday morning's trading session.

Similarly, in Ho Chi Minh City, silver prices also increased, currently listed at 1,066,000 VND/tael (buy) and 1,099,000 VND/tael (sell), also up 2,000 VND/tael for both buying and selling compared to yesterday morning's trading session.

Latest information on silver prices in Hanoi and Ho Chi Minh City on May 30, 2025:

World silver price

In the world market, according to giabac.net, at 05:53:01 on the morning of May 30, the spot silver price was trading at 33,266 USD/ounce, up 0.74 USD/ounce compared to yesterday morning's trading session.

Previously, the silver price listed on Goldprice.org was at 33.11 USD/ounce, slightly down from 33.29 USD/ounce in yesterday morning's trading session.

At 05:53:01, the world silver price was equivalent to 868,000 VND/ounce for buying and 873,000 VND/ounce for selling, an increase of 13,000 VND/ounce for both buying and selling compared to yesterday morning's trading session.

Update world silver price at 05:53:01 am May 30, 2025:

According to Kitco News, when asked about the outlook for silver prices, which are rising more slowly than gold due to weak industrial demand, expert Francisco Blanch, head of global commodities and derivatives research at Bank of America, said the bank is targeting silver prices up to $40/ounce in the near future.

Silver is an attractive investment because it is both a precious metal and an industrial metal, Blanch said. The precious metal factor has helped boost silver prices recently, while weak industrial demand has not contributed much. However, he believes that this situation will soon change.

Source: https://baodaknong.vn/gia-bac-hom-nay-30-5-dong-loat-tang-254070.html