Silver prices on May 24, 2025: Increasing demand despite decline!

Silver prices on May 24, 2025: Increasing demand despite decline!

Today, May 24, 2025, silver prices in Vietnam have undergone several changes affecting both the domestic and international markets. In Hanoi and Ho Chi Minh City, silver prices show a slight decrease, which is influenced by various market movements. The silver price in Hanoi at Phu Quy Gold and Gemstone Group is currently VND1,273,000 per tael for purchase and VND1,312,000 per tael for sale. In Ho Chi Minh City, prices are slightly lower, with a purchase price of VND1,058,000 and a selling price of VND1,092,000.

In addition, the prices for silver in Hanoi and Ho Chi Minh City report the current status: For silver 99.9, the purchase prices are 1,056,000 VND in Hanoi and 1,058,000 VND in Ho Chi Minh City. The selling prices are 1,086,000 VND and 1,092,000 VND respectively. In the Silver 99.99 category, buyers in Hanoi can expect to pay VND1,064,000, while Ho Chi Minh City offers a purchase price of VND1,065,000.

World market and influencing factors

In the global silver market, the price per ounce is VND 862,000 for buying and VND 867,000 for selling. Interestingly, the price of an ounce of silver on Goldprice.org is currently worth $33.12, down $0.43 since the morning. Market analyst James Hyerczyk of FX Empire signals that prices are under pressure from a stronger US dollar as well as rising government bond yields. The 30-year bond yield is 5.14%, the highest since October 2023, while the 10-year bond yield is 4.62%.

Meanwhile, investors' profit-taking has dampened the precious metal's rally. Despite these challenges, long-term industrial demand suggests that the upward trend remains consistent. However, buyer confidence is waning, increasing uncertainty in the market.

Price development over the last few days

Current silver prices, updated every six hours, also show insights into market movements over the past few days. The silver price on May 23, 2025 was VND 861,501.46, while the price on May 22, 2025 was VND 874,668.32. The course of the last few days shows significant fluctuations and illustrates the volatile market environment in which the silver price operates.

Today's trends and price numbers as reported by vietnam.vn and goldpricedata.com Provide both traders and investors with valuable information to make informed decisions.