Silver prices have been moving in opposite directions.

Overview of silver price today 1/7/2025

At Phu Quy Gold and Gemstone Group, silver price has slightly increased, currently recorded at 1,105,000 VND/tael for buying and 1,139,000 VND/tael for selling in Hanoi area.

At other trading locations in Hanoi, silver prices decreased slightly, fluctuating at VND927,000/tael (buy) and VND968,000/tael (sell).

In Ho Chi Minh City, silver prices continued to decrease, with current prices at VND928,000/tael (buy) and VND970,000/tael (sell).

In the international market, silver prices tend to increase slightly, currently at 757,000 VND/ounce (buy) and 762,000 VND/ounce (sell).

Update on silver price on January 7 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	927,000	968,000	928,000	970,000
	1 kg	24,707,000	25,805,000	24,759,000	25,856,000
Silver 99.99	1 amount	934,000	976,000	936,000	978,000
	1 kg	24,913,000	26,017,000	24,955,000	26,068,000

Update silver price list 7/1 of Phu Quy Gold Investment Joint Stock Company

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,105,000	1,139,000
Phu Quy 999 Silver Bar	1 kg	29,466,593	30,373,257

Update world silver price list on January 7, 2025

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	757,000	762,000
1 only	91,236	91,849
1 amount	912,000	918,000
1 kg	24,330,000	24,493,000

Silver prices in the world recorded slight fluctuations, influenced by the increase in the yield of 10-year US government bonds to 4.61%. In addition, the expectation that the US Federal Reserve (FED) will cut interest rates less than previously predicted has put additional pressure on assets such as silver.

In the long term, the imbalance between supply and demand remains the main support factor. In 2024, global silver production will increase by just 2% to 1.03 billion ounces, while demand will increase by a strong 7% to 1.21 billion ounces, resulting in a deficit of 182 million ounces. This is the fourth consecutive year of undersupply in the silver market, driven largely by increased demand from green technology applications. The growth of the solar panel and electric vehicle industries continues to put significant pressure on supply, reinforcing the long-term bullish outlook.

At the same time, China’s infrastructure stimulus package, scheduled to be rolled out by 2025, will boost silver demand, particularly in relation to renewable energy projects. Increased industrial demand from these initiatives is likely to further tighten the silver market in the future.

Source: https://baodaknong.vn/gia-bac-hom-nay-7-1-2025-gia-bac-co-su-bien-dong-trai-nguoc-nhau-239146.html