Silver price today (February 22, 2025), domestic and world silver prices continue to increase due to concerns about global trade instability.
Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,226,000 VND/tael (buy) and 1,264,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other trading locations in Hanoi, domestic silver price continues to increase, currently listed at 1,027,000 VND/tael (buy) and 1,057,000 VND/tael (sell). In Ho Chi Minh City, silver price also increases, currently at 1,029,000 VND/tael (buy) and 1,062,000 VND/tael (sell). World silver price continues to increase strongly, currently at 837,000 VND/ounce (buy) and 842,000 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 22, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell out | Buy | Sell out | ||
99.9 silver | 1 amount | 1,027,000 | 1,057,000 | 1,029,000 | 1,062,000 |
| 1 kg | 27,384,000 | 28,182,000 | 27,436,000 | 28,333,000 | |
| Silver 99.99 | 1 amount | 1,035,000 | 1,065,000 | 1,036,000 | 1,067,000 |
| 1 kg | 27,590,000 | 28,394,000 | 27,632,000 | 28,445,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 22, 2025:
Silver type | Unit | VND | |
Buy | Sell out | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,226,000 | 1,264,000 |
| Phu Quy 999 Silver Bar | 1 kg | 32,693,252 | 33,706,582 |
Latest update on world silver price on February 22, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell out | |
| 1 Ounce | 837,000 | 842,000 |
| 1 finger | 100,939 | 101,553 |
| 1 amount | 1,009,000 | 1,016,000 |
| 1 kg | 26,917,000 | 27,081,000 |
The metal market was covered in green in yesterday's trading session. At the close, silver prices recovered 1.34% to $33.49/ounce - the highest level since late October 2024.
The main reasons driving the increase in metal commodities came from concerns about rising inflation in the US and signs of recovering demand in China.
In a speech on February 19, US President Donald Trump pledged to coordinate with the Republican Party to implement a series of sweeping tax cuts to boost consumption and investment. Accordingly, Trump's plan includes tax exemptions for service bonuses, social security and overtime, and tax incentives for domestic oil and gas producers. In addition, he proposed allowing businesses to deduct all costs of investing in new factories and other capital expenditures.
While these policies are expected to stimulate economic growth, experts warn that they could increase budget deficits and put upward pressure on prices and bring back inflation. This would spur safe-haven buying and support prices for precious metals.
Meanwhile, the Dollar Index fell 0.75% to 106.37 in the previous session, off its two-year high. The weaker dollar makes silver and platinum more attractive to investors holding other currencies.
Source: https://congthuong.vn/gia-bac-hom-nay-2222025-bac-hoi-phuc-len-3349-usdounce-375032.html
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