Silver price today May 10, 2025: Domestic and world silver prices increased due to the decrease of the USD
Silver price today May 10, 2025: Domestic and world silver prices increased due to the decrease of the USD
Surveyed at 4:30 this morning, silver price today May 10, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,251,000 VND/tael (buy) and 1,290,000 VND/tael (sell). Compared to yesterday, silver price increased by 7,000 VND/tael in buying price, increased by 8,000 VND/tael in selling price.
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices increased slightly in both buying and selling directions, currently listed at 1,041,000 VND/tael (buy) and 1,071,000 VND/tael (sell). Compared to yesterday, silver prices in Hanoi remained unchanged in both buying and selling directions.
In Ho Chi Minh City, silver prices also increased slightly, currently at 1,043,000 VND/tael (buy) and 1,077,000 VND/tael (sell). Compared to yesterday, silver prices in Ho Chi Minh City remained unchanged in the buying direction - increased by 1,000 VND/tael in the selling direction.
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 10, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell out | Buy | Sell out | ||
| 99.9 silver | 1 amount | 1,041,000 | 1,071,000 | 1,043,000 | 1,077,000 |
| 1 kg | 27,772,000 | 28,570,000 | 27,824,000 | 28,721,000 | |
| Silver 99.99 | 1 amount | 1,049,000 | 1,079,000 | 1,051,000 | 1,081,000 |
| 1 kg | 27,978,000 | 28,782,000 | 28,020,000 | 28,833,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 10, 2025:
| Silver type | Unit | VND | |
| Buy | Sell out | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,251,000 | 1,290,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,359,917 | 34,399,914 |
Latest update on world silver price on May 10, 2025:
On the world market, the silver price listed on Goldprice.org is at 32.74 USD/ounce.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 850,000 | 855,000 |
| 1 Only | 102,465 | 103,092 |
| 1 Amount | 1,025,000 | 1,031,000 |
| 1 kg | 27,324,000 | 27,491,000 |
Silver Price Forecast
Silver prices edged up slightly, supported by a weaker US dollar and rising crude oil prices. However, positive investor sentiment this week and a slight rise in US Treasury yields limited silver's strong gains. Specifically, the price of silver futures for July delivery increased by 0.138 USD to 32.755 USD/ounce.
Asian and European stock markets were mixed but mostly rose slightly. Meanwhile, US markets are expected to open higher in New York trading. Optimism was reinforced after the US and UK reached a trade deal, while investors are awaiting talks between the US and China later this week.
While the US-China talks in Switzerland are just the beginning, the market hopes for positive progress toward restoring bilateral trade relations, according to David Morrison from Trade Nation.
However, he also warned that the stock market has risen quite strongly from its lows a month ago, meaning many positive factors have already been priced in. If the negotiations do not go as expected, investors may quickly sell off stocks to reduce risk.
The effects of the trade war between the US and China are becoming increasingly evident, especially in the shipping sector. According to Bloomberg, imports through the Port of Los Angeles have fallen by a third. One CEO in the shipping industry said that shipments from China have fallen by as much as 60%.
Many US industries, including port handling, transportation and import retail, will be hit hard in the coming weeks. Shortages on supermarket shelves could soon follow. Even if the two countries reach a trade deal, restoring supply chains will take a long time.
The US dollar continued to weaken, while NYMEX crude oil prices edged up to around $61.25 a barrel. The yield on the 10-year US Treasury note is currently at 4.382%.
Silver bulls currently have a slight advantage in the short term. Their next target is to close above the strong resistance at $34.015 per ounce. Meanwhile, bears are aiming to push prices below the important support at $31.00.
Price levels to watch
Nearest Resistance: Yesterday's session high was $33.095, followed by this week's high at $33.48.
Nearest Support: This week's low is $32.16, followed by $32.00.
According to Wyckoff, the silver market is currently at 5.5/10, indicating a relative balance between buying and selling pressure. However, if the price breaks above $34.015, the uptrend could strengthen. Conversely, if it falls below $31.00, selling pressure could increase.
