Silver continues to rise

Silver price today (February 21, 2025), domestic and world silver prices continue to increase due to concerns about global trade instability.

Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,226,000 VND/tael (buy) and 1,264,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price continues to increase, currently listed at 1,031,000 VND/tael (buy) and 1,060,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 1,033,000 VND/tael (buy) and 1,066,000 VND/tael (sell). World silver price continues to increase strongly, currently at 845,000 VND/ounce (buy) and 851,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on February 21, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,031,000	1,060,000	1,033,000	1,066,000
	1 kg	27,482,000	28,280,000	27,534,000	28,431,000
Silver 99.99	1 amount	1,038,000	1,068,000	1,040,000	1,070,000
	1 kg	27,688,000	28,492,000	27,730,000	28,543,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 21, 2025:

Silver type	Unit	VND
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,226,000	1,264,000
Phu Quy 999 Silver Bar	1 kg	32,693,252	33,706,582

Latest update on world silver prices on February 21, 2025:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	845,000	851,000
1 only	101,926	102,541
1 amount	1,019,000	1,025,000
1 kg	27,180,000	27,344,000

Amid a sharp increase in silver inventories due to booming demand, precious metal prices remain under pressure as the US Federal Reserve (FED) remains committed to keeping interest rates high.

Since the end of November, silver inventories at the Chicago Mercantile Exchange (CME) have increased by 22%, reflecting the demand for silver storage in the US amid rising tensions.

World silver prices recorded a sharp increase at the end of the trading session on February 19, reflecting the need to store silver in the US amid increasing tensions.

However, precious metal prices are also facing pressure from the forecast that the FED will not cut interest rates in March due to the stable labor market and high inflation. High interest rates have pushed up US bond yields, attracting capital flows to the USD, thereby reducing the attractiveness of precious metals.

Like gold, macro drivers such as inflation and interest rates, geopolitical tensions and policy changes are factors that influence silver prices.

Source: https://congthuong.vn/gia-bac-hom-nay-2122025-bac-noi-da-tang-cao-374876.html