Silver price today (February 3, 2025), domestic and world silver prices stabilized after the previous sharp decline.
Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,152,000 VND/tael (buy) and 1,188,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price is stable after the previous decline, currently listed at 964,000 VND/tael (buy) and 998,000 VND/tael (sell). In Ho Chi Minh City, silver price remains unchanged, currently at 966,000 VND/tael (buy) and 1,003,000 VND/tael (sell). World silver price is stable, currently at 786,000 VND/ounce (buy) and 791,000 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 3, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 964,000 | 998,000 | 966,000 | 1,003,000 |
| 1 kg | 25,709,000 | 26,607,000 | 25,761,000 | 26,758,000 | |
| Silver 99.99 | 1 amount | 972,000 | 1,006,000 | 973,000 | 1,008,000 |
| 1 kg | 25,915,000 | 26,819,000 | 25,957,000 | 26,870,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 3, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,152,000 | 1,188,000 |
| Phu Quy 999 Silver Bar | 1 kg | 30,719,923 | 31,679,921 |
Latest update on world silver prices on February 3, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 786,000 | 791,000 |
| 1 only | 94,730 | 95,335 |
| 1 amount | 947,000 | 953,000 |
| 1 kg | 25,261,000 | 25,423,000 |
After many volatile trading sessions when the US prepared to apply a new import tax framework, world and domestic silver prices tended to stabilize.
Silver’s correlation with gold remains high, while its rise alongside industrial metals underscores its dual role as both a precious and industrial metal, according to UBS. As a result, UBS believes there is a need for a shift to cyclical commodities, which the bank expects to materialize by 2025.
The gold-silver ratio is currently at nearly 90 times, which could give silver a boost relative to gold. UBS believes that this ratio is unsustainable unless a recession materializes. While silver lacks the support of central bank purchases, UBS notes that higher gold prices provide fundamental support.
Separately, data from the US Commerce Department showed that the Personal Consumption Expenditures (PCE) price index rose 0.3% last month, the largest increase since April 2024, amid a surge in consumer spending, suggesting that the US Federal Reserve (FED) may not be in a hurry to continue cutting interest rates.
Source: https://congthuong.vn/gia-bac-hom-nay-322025-bac-on-dinh-371964.html
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