Silver bars stacked in a vault
Phú Quý Group, one of the leading precious metals companies in Vietnam, quotes the silver price today at VND 1,295,000/lượng (buying) and VND 1,335,000/lượng (selling) in Hanoi.
Meanwhile, the price of 1kg 999 silver bars is VND 34,533,247/bar (buying) and VND 35,599,911/bar (selling), as of 09:02, June 5th, 2025.
The global silver price at the time of survey on June 5th, 2025, stands at USD 34.5/ounce, equivalent to VND 901,000 – 906,000/ounce.
A graph showing the historical prices of gold and silver
According to industry experts, silver prices could revisit the historical peak of USD 40/ounce in the near future due to escalating global trade tensions and declining mining activities, while demand continues to outstrip supply for the fourth consecutive year.
Michele Schneider, head of market strategy at MarketGauge, states that while gold remains a solid choice in the current environment, the recent rise in the gold/silver ratio indicates that silver is “poised to shine”.
Last month, the gold/silver ratio hit a five-year high, soaring to 107 points as gold reached an all-time high of USD 3,500/ounce. Schneider sees similarities between the 2020 peak and the current price action. In 2020, the gold/silver ratio plummeted from its record high to a six-year low, adjusting 51% within a year.
As the metal with the highest electrical and thermal conductivity, silver is essential for manufacturing solar panels, electric vehicles, and power grid infrastructure. Thus, silver has been and will continue to be indispensable in the green energy revolution.
Meanwhile, silver supply is tighter than ever, and investors are flocking to it as a safe-haven asset amid global economic uncertainties and escalating trade tensions.
Silver Price Today: Bank of America Forecasts a Rise to $40/ounce
The global silver price rebounded, ending a two-day losing streak. Meanwhile, domestic silver prices remained stable.
Silver Prices Today: Market Stabilizes After a Week of Steep Declines
The domestic and global silver prices remain stable compared to the previous session.
Silver Prices Today: A Sudden Plunge After Positive US-China Trade Tariff Signals
The silver market witnessed a significant downturn following the truce between the US and China, with both nations agreeing to a 90-day pause on new tariffs.
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.
