Silver price today January 31, 2025: Silver bounces back strongly

Silver price today (January 31, 2025), domestic and world silver prices continue to increase strongly after many consecutive declines.

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 increased sharply after the previous decrease, currently listed at 958,000 VND/tael (buy) and 992,000 VND/tael (sell). In Ho Chi Minh City, silver price is also increasing, currently at 960,000 VND/tael (buy) and 997,000 VND/tael (sell). World silver price is also increasing, currently at 781,000 VND/ounce (buy) and 786,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on January 31, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell ​​out	Buy	Sell ​​out
99.9 silver	1 amount	958,000	992,000	960,000	997,000
	1 kg	25,551,000	26,449,000	25,603,000	26,600,000
Silver 99.99	1 amount	966,000	1,000,000	967,000	1,002,000
	1 kg	25,757,000	26,661,000	25,799,000	26,712,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 31, 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 January 31, 2025:

Unit	World silver price today (VND)
	Buy	Sell ​​out
1 Ounce	781,000	786,000
1 finger	94,131	94,736
1 amount	941,000	947,000
1 kg	25,102,000	25,263,000

At the end of the trading session, for the group of precious metals, silver price recorded an increase of 1.54%, to 30.88 USD/ounce.

Silver prices rose as US President Trump stressed plans to impose import tariffs on a range of goods, including computer chips, pharmaceuticals, copper, aluminum and steel. This is a measure to encourage companies to manufacture in the US and reduce dependence on imports. The move raised concerns about the risk of narrowing the supply of silver - an important raw material in chip production thanks to its superior electrical and thermal conductivity. At the same time, silver is also popular in the medical field due to its antibacterial properties, increasing demand for this metal.

In addition, Mr. Trump's tax plan also increases concerns about trade tensions with international partners, thereby causing money to flow into safe-haven assets, especially precious metals such as silver.

Source: https://congthuong.vn/gia-bac-hom-nay-3112025-bac-bat-tang-manh-371712.html