Silver price today (March 5, 2025), domestic and world silver prices reversed and increased slightly after the previous plunge.
Silver price today at Phu Quy Jewelry Group, silver price increased slightly, listed at 1,195,000 VND/tael (buy) and 1,232,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price turned slightly up after the previous decrease, currently listed at 1,032,000 VND/tael (buy) and 1,062,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 1,034,000 VND/tael (buy) and 1,068,000 VND/tael (sell). World silver price reversed and increased slightly, currently at 814,000 VND/ounce (buy) and 819,000 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 5, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,032,000 | 1,062,000 | 1,034,000 | 1,068,000 |
| 1 kg | 27,521,000 | 28,319,000 | 27,573,000 | 28,470,000 | |
| Silver 99.99 | 1 amount | 1,040,000 | 1,070,000 | 1,041,000 | 1,072,000 |
| 1 kg | 27,727,000 | 28,531,000 | 27,769,000 | 28,582,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on March 5, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,195,000 | 1,232,000 |
| Phu Quy 999 Silver Bar | 1 kg | 31,866,587 | 32,853,251 |
Latest update on world silver prices on March 5, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 814,000 | 819,000 |
| 1 only | 98,177 | 98,794 |
| 1 amount | 982,000 | 988,000 |
| 1 kg | 26,181,000 | 26,345,000 |
On the world market, at the end of the trading session, the spot silver price stopped at 31.88 USD/ounce, up 0.44% compared to the same time yesterday.
Silver prices were up more than 20% in 2024 but have recently lost momentum due to higher U.S. supply, a strong dollar and concerns about growth outside the U.S. The metal is trading near its 200-day moving average, with speculative short positions rising and ETF holdings steady after significant outflows earlier this year, according to Investing.com.
UBS bank expects silver prices to rise in 2025, driven by lower US physical supply and stronger global industrial output, even as the metal struggles to keep up with gold's gains.
Despite these headwinds, UBS remains bullish, maintaining its silver price target of $36-$38 per ounce by 2025, up significantly from the current $31.88 per ounce. Increased supply is a headwind, but a decline in mining could boost silver’s appeal.
Source: https://congthuong.vn/gia-bac-hom-nay-532025-dao-chieu-tang-376728.html
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