Overview of silver price today 12/31/2024
Today's silver price at Phu Quy Jewelry Group recorded a slight increase, with the buying price reaching 1,089,000 VND/tael and the selling price being 1,123,000 VND/tael in Hanoi. At other transaction points in the city, the silver price also increased slightly, listed at 923,000 VND/tael for buying and 964,000 VND/tael for selling. In Ho Chi Minh City, the silver price continued to increase, currently at 925,000 VND/tael (buying) and 966,000 VND/tael (selling). On the world market, the silver price is currently recorded at 750,000 VND/ounce (buying) and 755,000 VND/ounce (selling).
Update on silver prices on December 31 in two major markets Hanoi and Ho Chi Minh City
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 923,000 | 964,000 | 925,000 | 966,000 |
| 1 kg | 24,621,000 | 25,719,000 | 24,673,000 | 25,770,000 | |
| Silver 99.99 | 1 amount | 931,000 | 972,000 | 933,000 | 974,000 |
| 1 kg | 24,827,000 | 25,931,000 | 24,869,000 | 25,982,000 | |
Update silver price list 12/31 of Phu Quy Gold Investment Joint Stock Company
| Silver type | Unit/VND | Hanoi | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,089,000 | 1,123,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,039,927 | 29,946,592 |
Update world silver price list on December 31, 2024
| Unit | World silver price today (VND) | |
| Buy | Sell | |
| 1 Ounce | 750,000 | 755,000 |
| 1 only | 90,436 | 91,051 |
| 1 amount | 904,000 | 911,000 |
| 1 kg | 24,116,000 | 24,280,000 |
Although silver entered the bull market later than gold, it has become an investment option that has attracted as much money as gold this year. Many analysts and financial institutions predict that silver could once again surpass gold in growth by 2025.
According to TD Securities’ forecast, the spot price of silver could reach $33.25 per ounce in the first quarter of 2025. In the following quarters, silver is expected to remain at $33 per ounce in the second quarter, increase to $34 per ounce in the third quarter, and peak at $36 per ounce in the fourth quarter. Longer-term views are even more optimistic, suggesting silver’s potential to outperform in the coming years.
Silver will continue to benefit from the commodity supercycle, despite some short-term pressure, the Silver Institute said in a report released in November. Silver’s dual role as an industrial metal and a safe haven asset during times of financial turmoil has made it increasingly strategic for institutional investors.
As the global financial system faces challenges, demand for assets that provide both income and protection from risk is rising. Adding silver to your portfolio not only helps mitigate risk, but also provides an opportunity to benefit from the metal’s pivotal role in global green technology and industrial growth.
Source: https://baodaknong.vn/gia-bac-hom-nay-31-12-2024-bac-ghi-nhan-muc-tang-truong-vuot-bac-238481.html
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