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Silver price today, May 9, 2026: Reversing downward trend.

Today's silver price (May 9, 2026): Silver prices reversed course and fell after three consecutive days of gains.

Báo Công thươngBáo Công thương08/05/2026

Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 3,037,000 VND/ounce (buying price) and 3,131,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the domestic silver price is currently listed at 2,604,000 VND/ounce (buying price) and 2,634,000 VND/ounce (selling price). In Ho Chi Minh City, the silver price is currently at 2,606,000 VND/ounce (buying price) and 2,640,000 VND/ounce (selling price). The world silver price is currently at 2,121,000 VND/ounce (buying price) and 2,126,000 VND/ounce (selling price).

Specifically, here is the latest information on domestic silver prices in the two largest markets, Hanoi and Ho Chi Minh City, as of May 9, 2026:

Silver type Unit Hanoi City (VND) Ho Chi Minh City (VND)
Buy Sell Buy Sell
99.9% Silver 1 tael 2,604,000 2,634,000 2,606,000 2,640,000
1 kg 69,445,000 70,243,000 69,497,000 70,394,000
99.99% Silver 1 tael 2,612,000 2,642,000 2,614,000 2,644,000
1 kg 69,651,000 70,455,000 69,693,000 70,506,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on May 9, 2026:

Silver type Unit VND
Buy Sell
Phu Quy 999 Silver Bars and Ingots 1 tael 3,037,000 3,131,000
999 Gold Ingots 1 kg 80,986,464 83,493,125

Latest update on world silver prices as of May 9, 2026:

Unit VND
Buy Sell
1 ounce 2,121,000 2,126,000
1 tael 255,740 256,374
1 tael 2,557,000 2,564,000
1 kg 68,197,000 68,366,000

On the world market, the spot price of silver is $79.85 per ounce.

US economic data released showed a mixed picture but did not put significant pressure on the precious metals market. Initial jobless claims for the week ending May 2nd rose to 200,000, higher than the previous week's 190,000, but still lower than analysts' forecasts of 205,000 prior to the data release.

Meanwhile, non-agricultural labor productivity increased by 0.8% in the first quarter. Labor costs per unit of output increased by 2.3% on a seasonally adjusted annual rate. For the manufacturing sector, productivity increased by 3.6%, while labor costs per unit of output increased by 2.4%.

Developments in the labor market continue to be closely monitored by investors ahead of the US release of the non-farm payrolls report on May 8th. According to Christopher Lewis, optimism surrounding the situation in the Middle East is causing bond yields to cool down, thereby providing impetus for silver prices to rise.

This expert assesses that the short-term trend for silver is gradually becoming more positive, with the $80/ounce level acting as a crucial support. If it can maintain above this level, the price of silver could open up room for a stronger upward movement.

However, Christopher Lewis also noted that the next trend for silver still depends significantly on geopolitical developments as well as the global macroeconomic outlook. While the market remains volatile and unpredictable, investors need to focus on risk management and position size control, as silver is an asset with high volatility.

Source: https://congthuong.vn/gia-bac-hom-nay-9-5-2026-dao-chieu-suy-giam-455776.html


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