Surveyed at 4:30 this morning, today's silver price May 8, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,244,000 VND/tael (buy) and 1,282,000 VND/tael (sell). Compared to yesterday, the silver price decreased by 10,000 VND/tael in the buying direction, decreased by 11,000 VND/tael in the selling direction.
In addition, according to a survey at other trading locations in Hanoi , domestic silver prices increased slightly in both buying and selling directions, currently listed at 1,041,000 VND/tael (buy) and 1,071,000 VND/tael (sell). Compared to yesterday, silver prices in Hanoi increased by 2,000 VND/tael in buying direction - increased by 3,000 VND/tael in selling direction.
In Ho Chi Minh City, silver prices also increased slightly, currently at 1,043,000 VND/tael (buy) and 1,076,000 VND/tael (sell). Compared to yesterday, silver prices in Ho Chi Minh City increased by 3,000 VND/tael for buying and 2,000 VND/tael for selling.
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 8, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,041,000 | 1,071,000 | 1,043,000 | 1,076,000 |
| 1 kg | 27,751,000 | 28,549,000 | 27,803,000 | 28,700,000 | |
| Silver 99.99 | 1 amount | 1,048,000 | 1,079,000 | 1,050,000 | 1,080,000 |
| 1 kg | 27,957,000 | 28,761,000 | 27,999,000 | 28,812,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on May 8, 2025:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,244,000 | 1,282,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,173,250 | 34,186,581 |
Latest update on world silver prices on May 8, 2025:
On the world market, the silver price listed on Goldprice.org is at 32.65 USD/ounce.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 849,000 | 854,000 |
| 1 Only | 102,384 | 103,011 |
| 1 Amount | 1,024,000 | 1,030,000 |
| 1 Kg | 27,303,000 | 27,469,000 |
Silver Price Forecast
Silver (XAG/USD) attracted fresh buying interest and rebounded from yesterday’s decline. The precious metal has rebounded to the $33/ounce area and is signaling a possible continuation of its short-term uptrend.
Technically, the short-term chart is forming a “bullish flag” pattern, which usually signals the possibility of continued upside momentum.
The pattern appears as silver prices have just recovered from the low of $28.45, the lowest level since the beginning of the year. Technical indicators such as RSI and MACD on the daily and hourly time frames are both in positive territory, reinforcing the bullish outlook for XAG/USD.
However, to confirm further upside, silver needs to break the resistance at $33.20, which could open the way for the intermediate $33.70 level and then the psychologically important $34 zone. Further buying at these levels would strengthen the bulls’ dominance and pave the way for further upside.
On the upside, the nearest support zone is at $32.5 - $32.45, and further at $32.25. If these levels are broken, the next support levels will be at $31.6 and $31.55, which correspond to the lower bottom of the ascending channel. A break of this zone will weaken the bullish outlook and could trigger a new wave of selling, turning the short-term trend negative.
Source: https://baonghean.vn/gia-bac-hom-nay-8-5-2025-gia-bac-tang-nhe-10296842.html
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