Silver price fluctuations 25.4: High increase, many supporting factors

Domestic silver price

As of 11:55 a.m. on April 25, the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND 1.289 - 1.329 million/tael (buy - sell); an increase of VND 6,000/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 1.289 - 1.329 million VND/tael (buy - sell); an increase of 6,000 VND/tael for both buying and selling compared to early this morning.

The price of 999 (1kilo) gold bars at Phu Quy Jewelry Group was listed at VND34.373 - 35.439 million/kg (buy - sell); an increase of VND160,000/kg in both buying and selling directions compared to early this morning.

World silver price

On the world market, as of 12:00 on April 25 (Vietnam time), the world silver price listed on Goldprice.org was at 33.45 USD/ounce.

Causes and predictions

According to James Hyerczyk from FX Empire, the gold- silwer ratio has increased to a 3-year high, attracting investors to pay attention to the low valuation of silver compared to gold.

"Technical analysis shows that silver could continue to rise, as long as it remains above the support level of 32.61 USD/ounce. Traders are closely monitoring this price range to confirm the strength of silver," he said.

James Hyerczyk said that the sharp increase in the gold-siver ratio shows that silver is lacking gold and is becoming an investment opportunity for those who expect it to return to normal.

Meanwhile, industrial demand and silver shortages remain strong.

"Although concerns about slowing growth and stagnant inflation affect silver's industrial outlook, long-term supporting factors still exist. According to the latest forecast from the Silver Institute for 2025, silver will be short by about 117 million ounces - marking the fifth consecutive year of under-supply demand," he said.

In addition, the demand for green energy conversion is still quite stable, even in the context of economic recession. This prospect of a long-term shortage will support silver prices, although short-term cash flow is still leaning towards gold.