At the Phu Quy Gemstone and Gold Group, silver prices remain stable, listed at VND 1,246,000/l Troy ounce (buying) and VND 1,285,000/l Troy ounce (selling) in Hanoi.
Meanwhile, the price of 999 fine silver bars is VND 33,226,584/bar (buying) and VND 34,266,581/bar (selling), updated at 08:25 on May 19th, 2025.
In the global market, silver prices also unexpectedly rebounded after a series of adjustments. As of the survey at 07:30:05 today, May 19, 2025, silver is trading at 843,000 – 848,000 VND/ounce, equivalent to 32.72 USD/ounce – up 0.22% from the trading session on May 18th.
This week, silver has attempted to hold support above $32 per ounce. June silver last traded at $32.26 per ounce, down 1.5% for the week.
In the short term, James Hyerczyk, market analyst at FX Empire, believes silver remains in a downtrend.
“Unless silver soon regains the $32.82 level, sellers could push prices down to the support area around $31.45 – $31.31 per ounce. Unless there is a significant change in market sentiment or weakness in the US dollar, silver prices are still at risk of further declines next week,” James Hyerczyk assessed.
According to Kitco, as gold is struggling, some analysts suggest that this could be an opportunity for investors to consider silver. Silver’s outperformance compared to gold has pushed the gold-silver ratio below 100.
In the long term, Philip Streible, Chief Market Strategist at Blue Line Futures, expects silver to continue to outperform gold.
“As recession fears subside and investors focus on new industrial activity, we should continue to see a rotation into silver,” he said. “This could be a great opportunity for gold investors to diversify into silver.”
Silver Price Today (November 29)
Silver prices fell both domestically and internationally on November 29.
Is it Time to Invest in Silver Instead of Gold?
While many investment avenues are deemed risky, investing in silver has gained prominence. The demand for silver investment has also increased over the past year.
