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Silver price today 4/12/2025: Extending the uptrend

Silver price today (April 12, 2025), world silver price and domestic silver price both increased dramatically thanks to money flowing into safe haven channels.

Báo Công thươngBáo Công thương12/04/2025

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price continues to increase, listed at 1,209,000 VND/tael (buy) and 1,246,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices increased in both buying and selling directions, currently listed at 994,000 VND/tael (buy) and 1,024,000 VND/tael (sell). In Ho Chi Minh City, silver prices also increased, currently at 996,000 VND/tael (buy) and 1,029,000 VND/tael (sell). World silver prices increased in both buying and selling directions, currently at 810,000 VND/ounce (buy) and 815,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on April 12, 2025:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

994,000

1,024,000

996,000

1,029,000

1 kg 26,501,000 27,299,000 26,553,000 27,450,000
Silver 99.99 1 amount 1,002,000 1,032,000 1,003,000 1,034,000
1 kg 26,707,000 27,511,000 26,749,000

27,562,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on April 12, 2025:

Silver type

Unit

VND

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,209,000

1,246,000

Phu Quy 999 Silver Bar 1 kg 32,239,919 33,226,584

Latest update on world silver prices on April 12, 2025:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

810,000

815,000

1 only 97,698 98,318
1 amount 977,000 983,000
1 kg 26,053,000

26,218,000

In the world market, the silver price listed on Goldprice.org is at 31.12 USD/ounce. According to Kitco, the silver price increased again because investors sought safe assets when US stocks and bonds fluctuated. The silver price in May increased by 0.37 USD to 30.775 USD/ounce.

The US CPI report for March showed inflation rising 2.4% year-on-year. Core CPI (excluding food and energy) rose 2.8%. Kitco analyst Jim Wyckoff said the data fully supports the group of US monetary policy makers who want to cut interest rates sooner.

According to Jim Wyckoff, both buyers and sellers are in technical balance in the short term for the May silver futures contract. This week's price action shows that the sellers are weakening, and the price may have reached a short-term bottom.

The next target for the bulls is to push the silver price above the key resistance level at $32.00/oz. Conversely, the bears are aiming to push the price below the strong support level at $27.545/oz.

The first resistance level for silver is at $31.245/ounce, followed by $31.50/ounce. Meanwhile, the current key support levels are $30.50/ounce and $30.00/ounce.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-1242025-keo-dai-da-tang-382578.html


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