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Silver price today April 17, 2025: Continues to increase strongly

Silver price today April 17, 2025: Continue to maintain a strong upward trend both domestically and internationally, remaining at a high level compared to the previous period.

Báo Quảng NamBáo Quảng Nam17/04/2025

At Phu Quy Jewelry Group, the listed silver price in Hanoi is 1,258,000 VND/tael for buying and 1,297,000 VND/tael for selling. This price reflects the steady increase of the market in recent sessions.

According to a survey at some other trading locations in Hanoi, silver prices also continued to increase. Currently, the price is recorded at 1,044,000 VND/tael for buying and 1,073,000 VND/tael for selling. In Ho Chi Minh City, the silver market also followed an upward trend, with corresponding prices of 1,046,000 VND/tael for buying and 1,079,000 VND/tael for selling.

In the world market, the price of silver converted to Vietnamese currency is fluctuating around 852,000 VND/ounce for buying and 857,000 VND/ounce for selling. The simultaneous increase in silver prices both domestically and internationally shows that demand is being maintained stably, especially in the context of precious metals being increasingly interested as a risk-hedging investment channel.

Silver price today April 17, 2025: Continues to increase strongly

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on April 17, 2025:

Silver type
Unit Hanoi
Ho Chi Minh City
Buy
Sell
Buy
Sell
Silver 99.9
1 amount 1,044,000
1,073,000
1,046,000
1,079,000
1 kg 27,829,000 28,627,000 27,881,000 28,778,000
Silver 99.99 1 amount 1,051,000 1,081,000 1,053,000 1,083,000
1 kg 28,035,000 28,839,000 28,077,000 28,890,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on April 17, 2025:

Silver type
Unit VND
Buy
Sell
Silver bars, Phu Quy 999 silver bars
1 amount 1,258,000
1,297,000
Phu Quy 999 Silver Bar 1 kg 33,546,583 34,586,580

Latest update on world silver prices on April 17, 2025:

Unit World silver price today (VND)
Buy
Sell
1 Ounce 852,000
857,000
1 only 102,677 103.301
1 amount 1,027,000 1,033,000
1 kg 27,381,000 27,547,000

In the world market, silver price is currently listed at 32.4 USD/ounce according to Goldprice.org, a slight increase of 0.2 USD compared to yesterday morning's session. This increase shows that silver is continuing to benefit from the same factors as gold.

According to FX Empire, silver prices are rising thanks to safe-haven flows and a weaker US dollar. These are two factors that are making silver more attractive to investors, especially in the context of market sentiment still having many concerns about economic and geopolitical risks.

The US dollar is under pressure and is at its lowest level since April 2022, said Arslan Ali, an expert at FX Empire. The market is expecting the US Federal Reserve (FED) to be able to cut interest rates three times in 2025, as potential risks are increasingly recognized.

Mr. Ali also commented that the weakening of the US dollar is strongly supporting both gold and silver, as these two metals are very sensitive to fluctuations in real yields and the value of the US dollar. In the short term, silver is forecast to continue its upward trend as the price remains stable above the threshold of 32.05 USD/ounce and buying pressure continues to increase.

Source: https://baoquangnam.vn/gia-bac-hom-nay-17-4-2025-tiep-tuc-tang-manh-3152962.html


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