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Silver price today 5/7/2025: Silver increased across the board

Silver price today (May 7, 2025), domestic and world silver prices increased sharply in both buying and selling directions compared to the previous session.

Báo Công thươngBáo Công thương07/05/2025

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price increased sharply, listed at 1,264,000 VND/tael (buy) and 1,303,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices increased in both buying and selling directions, currently listed at 1,052,000 VND/tael (buy) and 1,082,000 VND/tael (sell). In Ho Chi Minh City, silver prices also increased, currently at 1,054,000 VND/tael (buy) and 1,087,000 VND/tael (sell). World silver prices increased in both buying and selling directions, currently at 859,000 VND/ounce (buy) and 864,000 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 7, 2025:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

1,052,000

1,082,000

1,054,000

1,087,000

1 kg 28,051,000 28,849,000 28,103,000 29,000,000
Silver 99.99 1 amount 1,060,000 1,090,000 1,061,000 1,092,000
1 kg 28,257,000 29,061,000 28,299,000

29,112,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 7, 2025:

Silver type

Unit

VND

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,264,000

1,303,000

Phu Quy 999 Silver Bar 1 kg 33,706,582 34,746,580

Latest update on world silver prices on May 7, 2025:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

859,000

864,000

1 only 103,510 104,137
1 amount 1,035,000 1,041,000
1 kg 27,603,000

27,770,000

In the world market, the silver price listed on Goldprice.org is at 32.98 USD/ounce; an increase of 0.8 USD compared to yesterday.

Silver prices rose as traders focused on the strong performance of the gold market, according to analyst Vladimir Zernov at FX Empire.

Silver prices are struggling to hold above the key resistance level of $32.50 an ounce. " Silver was trading at $32.473 an ounce on Monday afternoon, up 1.44% on the session - still very close to this level, " he said.

In the long term, industrial demand remains a key support for silver, especially in clean energy sectors such as solar panel and electric vehicle manufacturing, FX Empire analyst James Hyerczyk stressed.

" China and India will continue to increase renewable energy production. This will help to partially offset selling pressure from financial investors, " added analyst Vladimir Zernov.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-752025-bac-dong-loat-tang-386311.html


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