Silver price today April 17: Increased for the third consecutive session

Domestic silver price

Today's silver price in the domestic market continued to increase, listed at VND 1,258,000/tael (buy) and VND 1,297,000/tael (sell) in Hanoi by Phu Quy Gold and Gemstone Group.

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to increase in both buying and selling directions, currently listed at VND 1,044,000/tael (buy) and VND 1,073,000/tael (sell).

In Ho Chi Minh City, silver prices are also on the rise, currently at VND1,046,000/tael (buy) and VND1,079,000/tael (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on April 16, 2025:

World silver price

World silver price at the time of survey at 07:43:02 today, April 17, 2025, silver price increased sharply by 17,000 VND/ounce in both buying and selling directions. Currently, the international silver price is converted to the equivalent of 851,000 - 856,000 VND/ounce, equivalent to a transaction level of 33.11 USD/ounce, up 0.61% compared to the previous trading session (April 16) at 32.50 USD/ounce.

Despite the uptrend, experts from Heraeus said that silver prices have not yet recovered clearly. One reason is that the US continues to import solar products, especially panels, which are facing obstacles due to tax policies. President Donald Trump's tariff measures, including the implementation and suspension, are causing financial market instability and negatively affecting industrial demand for silver.

Higher import costs could limit silver consumption in the solar industry, according to Heraeus. While gold has hit new highs, silver has lagged behind due to industrial factors. Experts fear that if tariffs are reinstated within the next 90 days, silver prices could come under further downward pressure.

Source: https://baodaknong.vn/gia-bac-hom-nay-17-4-tang-phien-thu-3-lien-tiep-249700.html