Domestic and world silver prices recover together

After a slight decline in the previous session, this morning, world and domestic silver prices continued to increase slightly. According to TD Securities' forecast, silver prices in 2025 may witness some sharp declines, which is also an opportunity for investors to buy.

On the world market, at 7:00 a.m. on February 12, 2025, the spot silver price stopped at 31,837 USD/ounce, up 0.01% compared to yesterday's session on February 11. Currently listed at 810,000 VND/ounce (buy) and 815,000 VND/ounce (sell).

In the first trading session of the week, the market witnessed green covering most metal products after the latest information on US tariff policy and optimistic consumption prospects. At the end of the session, silver price increased slightly by 0.15% to 32.5 USD/ounce.

On February 7, US President Donald Trump announced that he would impose reciprocal tariffs on several countries as early as this week, aiming to adjust trade policies to ensure US interests. According to data from the World Trade Organization (WTO), the US's trade-weighted average tariff is currently 2.2%. At the same time, Washington wants to increase revenue from import tariffs, which only account for about 2% of total annual budget revenue.

A blanket increase in import tariffs would push up prices, weaken consumer purchasing power and make businesses more cautious about investing, potentially slowing economic growth. In addition, Trump’s move, if implemented, could trigger retaliation from trading partners, such as higher tariffs or restrictions on imports of US goods, which would weaken US exports.

Concerns about rising inflation in the US along with the risk of escalating trade tensions have caused investors to seek safe-haven assets, thereby supporting silver and platinum prices in yesterday's trading session.

In the domestic market, today's silver price at Phu Quy Jewelry Group increased slightly, listed at 1,204,000 VND/tael (buy) and 1,241,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, the silver price increased after the previous decrease, currently listed at 990,000 VND/tael (buy) and 1,024,000 VND/tael (sell).

In Ho Chi Minh City, silver prices are also on the rise, currently at VND992,000/tael (buy) and VND1,030,000/tael (sell).

Source: https://baodaknong.vn/gia-bac-hom-nay-12-2-gia-bac-trong-nuoc-va-the-gioi-cung-hoi-phuc-242539.html