Silver price today (February 19, 2025), world silver price continued to increase by 0.06% to 32.88 USD/ounce, up 11% compared to the beginning of the year.
Silver price today at Phu Quy Jewelry Group, silver price decreased slightly, listed at 1,214,000 VND/tael (buy) and 1,252,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price increased after a stable session at the end of the week, currently listed at 1,003,000 VND/tael (buy) and 1,037,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 1,005,000 VND/tael (buy) and 1,043,000 VND/tael (sell). World silver price increased slightly, currently at 826,000 VND/ounce (buy) and 831,000 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 19, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,019,000 | 1,049,000 | 1,021,000 | 1,054,000 |
| 1 kg | 27,165,000 | 27,963,000 | 27,217,000 | 28,114,000 | |
| Silver 99.99 | 1 amount | 1,026,000 | 1,057,000 | 1,028,000 | 1,058,000 |
| 1 kg | 27,371,000 | 28,175,000 | 27,413,000 | 28,226,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 19, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,220,000 | 1,258,000 |
| Phu Quy 999 Silver Bar | 1 kg | 32,533,252 | 33,546,583 |
Latest update on world silver prices on February 19, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 831,000 | 836,000 |
| 1 only | 100,207 | 100,822 |
| 1 amount | 1,002,000 | 1,008,000 |
| 1 kg | 26,722,000 | 26,886,000 |
At the end of the trading session, the precious metal market was mixed with green and red, silver price increased by 0.06% to 32.88 USD/ounce, up 11% compared to the beginning of the year.
According to MXV, amid a sharp increase in silver inventories due to explosive demand for storage, precious metal prices remain under pressure as the US Federal Reserve (FED) continues to maintain high interest rates.
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.
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.
Source: https://congthuong.vn/gia-bac-hom-nay-1922025-bac-tang-3288-usdounce-374497.html
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