Silver prices are exploding: This is how much you pay in Vietnam today!

Silver prices are exploding: This is how much you pay in Vietnam today!

On May 22, 2025, the silver market in Vietnam recorded a noticeable increase in prices. This is particularly reported by Phu Quy Gold and Gemstone Group, a leader in the industry. The current buying and selling prices for silver show a positive development in the country's large cities.

In Hanoi, the purchase price of silver is VND1,055,000 per tael, while the selling price is VND1,085,000 per tael. In Ho Chi Minh City, prices are slightly higher, with a purchase price of VND1,057,000 and a selling price of VND1,091,000 per tael. These developments are also reflected in the global market, where the purchase price is VND861,000 per ounce and the selling price is VND866,000 per ounce. In addition, according to Goldprice.org, the world silver price is at $33.05 per ounce, an increase of $0.81.

Details about current prices

The prices of silver in various qualities have also increased. In Hanoi, silver costs 99.9%: purchase 1,055,000 VND, sale 1,085,000 VND, while in Ho Chi Minh City the prices are 1,057,000 VND (purchase) and 1,091,000 VND (sale). There is also a difference in silver 99.99%, where the prices in Hanoi and Ho Chi Minh City are VND 1,063,000 and VND 1,064,000 (buy) and VND 1,093,000 and VND 1,095,000 (sell).

In the international market, prices are also fluctuating, which is due to economic developments. So the scope in the silver market has increased, with base prices of VND 27,689,000 for 1 kg of silver.

Market analysis and economic influences

The ongoing price increase is partly influenced by a weaker US dollar and expectations of interest rate cuts by the US Federal Reserve (FED). The market expects interest rate cuts of 54 basis points, with the first cut potentially occurring as early as October 2025. Such economic conditions have a significant impact on precious metal prices and investor sentiment.

Overall, the current situation on the silver market highlights the volatility and dependence on global economic trends. Investors and interested parties should monitor the prices regularly, as they are updated every six hours in order to benefit from the best conditions. Loud goldpricedata.com Current prices for an ounce of silver reach 869,654.60 VND.