Domestic silver price
As of 9:50 a.m. on March 25, the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND1,262 - VND1,301 million/tael (buy - sell); an increase of VND5,000/tael for both buying and selling compared to early this morning.
At the same time, the price of 999 taels of silver at Phu Quy Jewelry Group was listed at 1,262 - 1,301 million VND/tael (buy - sell); an increase of 5,000 VND/tael for both buying and selling compared to early this morning.
World silver price
On the world market, as of 10:00 a.m. on March 25 (Vietnam time), the world silver price listed on Goldprice.org was at 33.02 USD/ounce.
Causes and predictions
According to FXStreet, silver prices have increased slightly compared to the end of last week. This recovery is supported by a weaker US dollar, as concerns about the possibility of an increased economic downturn in the US due to President Donald Trump's trade policies.
As of 10:00 a.m. on March 25 (Vietnam time), the USD Index reached 104.34; up 0.02% compared to yesterday's trading session.
However, silver could face challenges as the US Federal Reserve (FED) maintains its prospect of a double interest rate cut later this year, after keeping the federal funds rate unchanged at 4.25%-4.5% at its March meeting.
The Fed's view reflects its forecast of slowing GDP growth and higher unemployment rates, which helps balance concerns about inflation, which could increase due to strong tariffs imposed by President Trump.
Economic data to watch this week:
Tuesday: Consumer confidence, new home sales in the US.
Wednesday: Orders for durable US goods.
Thursday: US Q4 GDP.
Friday: core PCE; US personal income and spending.
See more news related to silver prices HERE...
