Silver price today May 11, 2025: Domestic and world silver prices continue to increase slightly
Silver price today May 11, 2025: Domestic and world silver prices continue to increase slightly, mainly due to geopolitical factors and limited supply.
Surveyed at 4:30 this morning, today's silver price May 11, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,259,000 VND/tael (buy) and 1,298,000 VND/tael (sell). Compared to yesterday, the silver price increased by 8,000 VND/tael in both buying and selling directions.
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 1,042,000 VND/tael (buy) and 1,072,000 VND/tael (sell). Compared to yesterday, silver prices in Hanoi increased by 1,000 VND/tael in both buying and selling directions.
In Ho Chi Minh City, silver prices also increased slightly, currently at 1,044,000 VND/tael (buy) and 1,077,000 VND/tael (sell). Compared to yesterday, silver prices in Ho Chi Minh City increased by 1,000 VND/tael for buying - unchanged for selling.
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 11, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,042,000 | 1,072,000 | 1,044,000 | 1,077,000 |
| 1 kg | 27,784,000 | 28,582,000 | 27,836,000 | 28,733,000 | |
| Silver 99.99 | 1 amount | 1,050,000 | 1,080,000 | 1,051,000 | 1,082,000 |
| 1 kg | 27,990,000 | 28,794,000 | 28,032,000 | 28,845,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 11, 2025:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,259,000 | 1,298,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,573,249 | 34,613,247 |
Latest update on world silver prices on May 11, 2025:
On the world market, the silver price listed on Goldprice.org is at 32.73 USD/ounce.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 850,000 | 856,000 |
| 1 Only | 102,521 | 103,147 |
| 1 Amount | 1,025,000 | 1,031,000 |
| 1 Kg | 27,339,000 | 27,506,000 |
Silver Price Forecast
Like gold, silver’s recent surge has been driven largely by geopolitical factors, with demand for safe havens rising as Trump’s tax policies have raised concerns about global economic growth.
However, silver has another unique factor supporting its price: limited supply. When demand exceeds supply, prices tend to rise. The global silver market is small, with only about $30 billion in annual trading volume, so even small changes in demand can cause large price swings.
2025 is expected to be the fifth consecutive year that silver demand exceeds supply. While total global supply is around 1.05 billion ounces, demand could reach 1.20 billion ounces. This shortage could push silver prices even higher, and the limits of that rally are still uncertain.
