Silver price today (March 2, 2025), domestic and world silver prices reversed to increase after the previous decline.
Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,182,000 VND/tael (buy) and 1,219,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price turned up after the previous decrease, currently listed at 1,014,000 VND/tael (buy) and 1,044,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 1,016,000 VND/tael (buy) and 1,050,000 VND/tael (sell). World silver price is stable, currently at 796,000 VND/ounce (buy) and 801,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on March 2, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,014,000 | 1,044,000 | 1,016,000 | 1,050,000 |
| 1 kg | 27,046,000 | 27,844,000 | 27,098,000 | 27,995,000 | |
| Silver 99.99 | 1 amount | 1,022,000 | 1,052,000 | 1,024,000 | 1,054,000 |
| 1 kg | 27,252,000 | 28,056,000 | 27,294,000 | 28,107,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on March 2, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,182,000 | 1,219,000 |
| Phu Quy 999 Silver Bar | 1 kg | 31,519,921 | 32,506,585 |
Latest update on world silver prices on March 2, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 796,000 | 801,000 |
| 1 only | 95,930 | 96,546 |
| 1 amount | 960,000 | 966,000 |
| 1 kg | 25,598,000 | 25,762,000 |
At the end of the trading session, domestic silver prices increased slightly after the previous session's decline. Silver prices are affected by macro factors such as inflation, interest rate policies and geopolitical tensions. Although short-term fluctuations may appear, many experts still believe in the long-term prospects of this precious metal as demand increasingly exceeds supply.
Forecasts from TD Securities continue to show a positive outlook for silver in the coming time. Specifically, the price of this metal is expected to remain around $33.25/ounce in Q1/2025, then decrease slightly to $33/ounce in Q2 and recover to $34/ounce in Q3 to peak at $36/ounce in Q4/2025 - equivalent to an increase of about 9% compared to the current level. Looking further into 2026, silver could continue its upward trend, aiming for the threshold of $38-39/ounce.
The main driver behind silver prices is rising industrial demand. In addition to being considered a safe haven asset, silver also plays a key role in the renewable energy industry, especially in the production of solar panels. As countries accelerate their transition to clean energy, demand for the metal is expected to continue to boom, supporting silver prices in the long term.
Source: https://congthuong.vn/gia-bac-hom-nay-232025-da-o-chie-u-tang-manh-376327.html
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