Silver price today (February 20, 2025), domestic and world silver prices continued to increase during the trading session.
Silver price today at Phu Quy Jewelry Group, silver price increased, listed at 1,228,000 VND/tael (buy) and 1,266,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price continued to increase, currently listed at 1,030,000 VND/tael (buy) and 1,060,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased sharply, currently at 1,032,000 VND/tael (buy) and 1,066,000 VND/tael (sell). World silver price continued to increase, currently at 838,000 VND/ounce (buy) and 843,000 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 20, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,030,000 | 1,060,000 | 1,032,000 | 1,066,000 |
| 1 kg | 27,480,000 | 28,278,000 | 27,532,000 | 28,429,000 | |
| Silver 99.99 | 1 amount | 1,038,000 | 1,068,000 | 1,040,000 | 1,070,000 |
| 1 kg | 27,686,000 | 28,490,000 | 27,728,000 | 28,541,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 20, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,228,000 | 1,266,000 |
| Phu Quy 999 Silver Bar | 1 kg | 32,746,585 | 33,759,916 |
Latest update on world silver prices on February 20, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 838,000 | 843,000 |
| 1 only | 101,075 | 101,691 |
| 1 amount | 1,011,000 | 1,017,000 |
| 1 kg | 26,953,000 | 27,117,000 |
At the end of the trading session, the world spot silver price stopped at 33.08 USD/ounce, up sharply by 0.49%. Concerns about global trade instability continued to support silver prices to maintain their upward momentum.
In addition, since the end of November, silver inventories at the Chicago Mercantile Exchange (CME) have increased by 22%, reflecting the demand for silver in the US amid rising tensions. However, the price of precious metals is also facing pressure from the forecast that the US Federal Reserve (FED) will not cut interest rates in March. This is due to the stable labor market and high inflation. High interest rates have pushed up US bond yields, attracting capital flows to the USD, thereby reducing the attractiveness of precious metals.
Source: https://congthuong.vn/gia-bac-hom-nay-2022025-bac-tiep-da-tang-manh-374695.html
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