Silver price today October 8, 2025: Slight decrease after a series of strong increases

Phu Quy brand silver price

At Phu Quy company, Phu Quy 999 silver bar 1 tael is listed at 1,830,000 VND/tael for buying and 1,887,000 VND/tael for selling, an increase of 40,000 VND for buying and 42,000 VND for selling compared to yesterday. The current buying-selling difference is 57,000 VND.

Phu Quy 999 silver bars with specifications of 10 taels and 5 taels also recorded similar prices, buying at 1,830,000 VND/tael and selling at 1,887,000 VND/tael, increasing sharply like silver bars.

The high-end product Phu Quy 999 silver art coin has a buying price of VND 1,830,000/tael and a selling price of VND 2,153,000/tael, increasing by VND 40,000 and VND 47,000 respectively compared to the previous session.

Phu Quy 999 silver bars of 1 kg were traded at a buying price of VND 48,799,878/kg and a selling price of VND 50,319,874/kg, an increase of VND 1,066,664 and VND 1,119,997 respectively compared to October 7. The buying - selling difference was VND 1,519,996.

Other brand silver prices

In the other branded silver segment, 999 silver over 500 taels (pieces - bars - ingots) has a buying price of VND 1,570,750/tael, an increase of VND 33,990 compared to yesterday.

Silver 999 under 500 taels (pieces - bars - ingots) was traded at VND 1,525,000/tael for buying, up VND 33,000 compared to the previous session.

Silver price in Hanoi market

According to data from Vietnam Metals Exchange (VME), in the Hanoi market, 99.9 purity silver (1 tael) has a buying price of VND 1,525,000 and a selling price of VND 1,559,000, an increase of VND 33,000 in buying price and VND 33,000 in selling price compared to yesterday.

Higher purity 99.99 silver was listed at VND1,533,000 for buying and VND1,567,000 for selling per tael, up VND33,000 in both directions.

Silver price in Ho Chi Minh City market

In Ho Chi Minh City, the price of 99.9 silver (1 tael) was at VND1,527,000 (buy) and VND1,565,000 (sell), up VND33,000 in both directions.

Silver 99.99 in Ho Chi Minh City costs 1,535,000 VND to buy and 1,573,000 VND to sell per tael, an increase of 34,000 VND and 34,000 VND compared to October 7.

International silver prices slightly decreased after a series of hot increases.

In the world market, the price of silver on the morning of October 8 was recorded at 48.53 USD/ounce, down from the previous session. Converted to Vietnamese currency, silver is equivalent to about 1,278,000 VND/ounce (buy) and 1,283,000 VND/ounce (sell). After many consecutive sessions of increase, the market is entering a period of slight adjustment before establishing a new direction.

Silver price today October 8, 2025: Slight decrease after a series of strong increases

Analyst James Hyerczyk said the recent rally has brought silver close to its historic peak of $49.81 an ounce. However, short-term profit-taking pressure has temporarily cooled prices. He predicted that $50 an ounce will continue to be an important, psychologically strong milestone that the market needs to overcome to confirm a sustainable uptrend.

Silver is benefiting from a similar trend to gold, both precious metals are considered safe havens amid the US government shutdown and the expectation of an early interest rate cut by the Federal Reserve. However, investors are cautious, awaiting a clear message from the Fed Chairman on the possibility of a 25 basis point cut at the upcoming meeting, as well as the scenario of another rate cut in December.

Despite signs of rising US bond yields and the USD index, silver and gold prices have maintained relative strength. According to Hyerczyk, the current buying pressure is not only coming from short-term transactions, but also reflects long-term demand for shelter amid the volatile global financial market. This is a factor that helps silver prices maintain a stable position, despite experiencing short-term corrections.

Source: https://baonghean.vn/gia-bac-hom-nay-8-10-2025-giam-nhe-sau-chuoi-tang-manh-10307844.html