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Silver prices are weakening: current trends and market forecasts for 2025
Find out the latest developments and prices for silver on May 20, 2025, as well as expert analysis on market trends and risks.
Silver prices are weakening: current trends and market forecasts for 2025
On May 20, 2025, the silver market is witnessing a mixed performance as prices are under pressure. According to the current information from the Vietnam.vn Silver prices in Vietnam rise slightly. At Phu Quy Gold and Gemstone Group in Hanoi, prices for buying silver are listed at VND1,244,000 per tael and selling at VND1,282,000 per tael.
In Hanoi, domestic silver prices are VND1,036,000 for purchase and VND1,066,000 for sale per tael. In Ho Chi Minh City, prices are only slightly higher, with a purchase price of VND1,038,000 and a selling price of VND1,071,000 per tael. The global silver price is currently VND845,000 per ounce for buying and VND850,000 for selling.
Prices and market conditions
The detailed silver price list provides important information for investors and buyers:
| Silver quality | Hanoi purchase | Hanoi sale | Ho Chi Minh City Purchase | Ho Chi Minh City Sale |
|---|---|---|---|---|
| Silver 99.9 | 1,036,000 VND | 1,066,000 VND | 1,038,000 VND | 1,071,000 VND |
| Silver 99.99 | 1,044,000 VND | 1,074,000 VND | 1,045,000 VND | 1,076,000 VND |
Silver bullion prices in Phu Quy are 1,244,000 VND when buying and 1,282,000 VND when selling for 1 tael. For a 1kg bar, buyers can expect to pay approximately VND33,173,250 to buy and VND34,186,581 to sell. Considering the global silver price trends, the price of 1 ounce is USD 32.41, while 1 kg is approximately VND 27,176,000 for purchase and VND 27,343,000 for sale.
Market analysis and forecasts
Market analyst James Hyerczyk highlights that the price of silver is under strong pressure. The main cause could be the strength of the US dollar, making the price more expensive for buyers outside the US and dampening demand. Profit-taking following a record high in April also contributed to this decline. The pressure on the price of silver is being increased by unclear interest rate expectations and general uncertainty in the market.
The Finanzmarkt.info shows that the price of silver (XAG/USD) has reached a 4-week low. In the short term, further volatility is expected and a possible decline of 5-10% over the next 1-3 months. In the long term, however, the price could recover by 8-12% in the next 6-12 months, depending on macroeconomic improvements.
Investors should be careful to keep an eye on potential catalysts such as monetary policy decisions and positive economic data. The precious metals sector could act as a sentiment barometer for global uncertainties, and market conditions require a diversified investment strategy to hedge against currency risks.