Silver price today March 7, 2025: Silver continues to increase

Today's silver prices (March 7, 2025): Domestic and international silver prices continued their third consecutive day of increases.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group remains stable, listed at 1,200,000 VND/ounce (buying price) and 1,237,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices continued to rise for the third consecutive session, currently listed at 1,041,000 VND/ounce (buying price) and 1,071,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices followed the same upward trend, currently at 1,043,000 VND/ounce (buying price) and 1,077,000 VND/ounce (selling price). World silver prices continued their upward trend, currently at 824,000 VND/ounce (buying price) and 829,000 VND/ounce (selling price).

Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on March 7, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	1,041,000	1,071,000	1,043,000	1,077,000
	1 kg	27,771,000	28,569,000	27,823,000	28,720,000
99.99% Silver	1 tael	1,049,000	1,079,000	1,051,000	1,081,000
	1 kg	27,977,000	28,781,000	28,019,000	28,832,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on March 7, 2025:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,200,000	1,237,000
999 Gold Ingots	1 kg	31,999,920	32,986,584

Latest update on world silver prices as of March 7, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	824,000	829,000
1 tael	99,301	99,916
1 tael	993,000	999,000
1 kg	26,480,000	26,644,000

At the close of trading, silver prices rose 2.34% to $32.86 per ounce, marking the third consecutive day of gains. According to the Vietnam Commodity Exchange (MXV), strong buying pressure occurred in the metals market amid tightening US tariffs, raising concerns about supply disruptions. In the precious metals market, capital continued to flow strongly due to increased safe-haven demand.

On the other hand, data from the Institute of Supply Management (ISM) showed that the US non-manufacturing PMI rose to 53.5 points in February, higher than the expected 52.5 points. This indicates that the US economy is still growing.

However, inflationary pressures in the services sector continued to mount, with the price index reaching 62.6 in February, higher than the 60.4 in January. This marks the first time since March 2023 that the index has recorded three consecutive months above 60%. The continued rise in services inflation reinforces the view that the Federal Reserve (FED) may maintain its tight monetary policy for longer. This could be a supporting factor for precious metal prices in the long term, as investors seek safe havens against the risk of prolonged inflation.

Source: https://congthuong.vn/gia-bac-hom-nay-732025-bac-noi-da-tang-377095.html