Domestic silver prices
As of 9:15 am on May 25, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.941 - 3.016 million VND/tael (buying - selling), an increase of 92,000 VND/tael on the buying side and an increase of 94,000 VND/tael on the selling side compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 77.526 - 79.926 million VND/kg (buying - selling), an increase of 2.426 million VND/kg on the buying side and an increase of 2.506 million VND/kg on the selling side compared to yesterday morning.
The price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company is listed at the threshold of 2.942 - 3.048 million VND/tael (buying - selling), an increase of 87,000 VND/tael on the buying side and an increase of 9,000 VND/tael on the selling side compared to yesterday morning.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.947 - 3.038 million VND/tael (buying - selling), an increase of 87,000 VND/tael on the buying side and an increase of 9,000 VND/tael on the selling side compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 78.586 - 81.013 million VND/kg (buying - selling); an increase of 2.32 million VND/kg on the buying side and an increase of 2.4 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 9:15 am on May 25 (Vietnam time), the world silver price was listed at 75.49 USD/ounce; an increase of 2.32 USD compared to yesterday morning.
Causes and forecasts
World silver prices jumped nearly 4% in the first trading session of the week, after falling sharply in the previous session, thanks to expectations that the US and Iran could reach an agreement to extend the ceasefire.
According to the analysis of Akhtar Faruqui - a foreign exchange expert at FXStreet, spot silver prices in Asian trading on Monday fluctuated around 78.50 USD/ounce. Non-profit assets such as silver are being supported as investors expect geopolitical tensions in the Middle East to cool down, thereby reducing inflationary pressure and the risk of interest rate hikes in the near future.
Besides geopolitical factors, investors are also closely monitoring the monetary policy orientation of the US Federal Reserve (Fed).
Caution increased after Fed Governor Christopher Waller's statement, when he signaled that he no longer supports maintaining the easing trend in Fed policy statements, making global economic prospects more unpredictable" - Akhtar Faruqui said.
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