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Silver price today 4/5/2025: Silver drops sharply

Silver price today (April 5, 2025), silver price in domestic and world markets has continuously dropped sharply.

Báo Công thươngBáo Công thương05/04/2025

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price decreased, listed at 1,224,000 VND/tael (buy) and 1,262,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices decreased sharply in both buying and selling directions, currently listed at 994,000 VND/tael (buy) and 1,024,000 VND/tael (sell). In Ho Chi Minh City, silver prices also decreased, currently at 996,000 VND/tael (buy) and 1,030,000 VND/tael (sell). World silver prices decreased, currently at 810,000 VND/ounce (buy) and 816,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on April 5, 2025:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

994,000

1,024,000

996,000

1,030,000

1 kg 26,505,000 27,303,000 26,557,000 27,454,000
Silver 99.99 1 amount 1,002,000 1,032,000 1,003,000 1,034,000
1 kg 26,711,000 27,515,000 26,753,000

27,566,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on April 5, 2025:

Silver type

Unit

VND

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,224,000

1,262,000

Phu Quy 999 Silver Bar 1 kg 32,639,918 33,653,249

Latest update on world silver prices on April 5, 2025:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

810,000

816,000

1 only 97,712 98,334
1 amount 977,000 983,000
1 kg 26,057,000

26,223,000

In the world market, the silver price listed on Goldprice.org is at 31.56 USD/ounce; down 6.41% compared to yesterday's trading session.

Silver prices fell sharply to a four-week low, according to Kitco. Silver futures for May 2025 fell $2.68, or 7.73%, to $31.97 an ounce.

Despite the risk-off sentiment in financial markets, gold and silver, traditionally considered safe-haven assets, have been under heavy selling pressure, largely due to profit-taking and the sell-off of long positions in the futures market, said Kitco analyst Jim Wyckoff.

" Concerns about global economic growth are growing, especially after the US announced a new round of tariffs on Wednesday afternoon ," said expert Jim Wyckoff.

Silver futures speculators are losing their advantage in the short term, the expert said. On the daily chart, the three-month uptrend has been broken.

The next target for the bulls is to push silver prices above the key resistance level at $34.50/ounce. On the other hand, the bears are aiming to push prices below the strong support level at $31.365/ounce.

Silver's first resistance level is at $32.50/ounce, followed by $33.00/ounce. Meanwhile, the current key support levels are $31.85/ounce and $31.365/ounce.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-542025-bac-sut-giam-manh-381550.html


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