Silver price today May 18, 2025: Silver price increased slightly again thanks to technical buying force
Silver price today 5/18/2025: Domestic and world silver prices recovered after the previous decline thanks to technical buying and a series of US economic data less positive than forecast. This could be the right time for investors to pay attention to silver.
Surveyed at 4:30 this morning, silver price today May 18, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,241,000 VND/tael (buy) and 1,279,000 VND/tael (sell). Compared to yesterday, silver price increased by 9,000 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 by VND 11,000/tael in both buying and selling directions, currently listed at VND 1,026,000/tael (buy) and VND 1,056,000/tael (sell).
In Ho Chi Minh City, silver price increased by 7,000 VND/tael for buying and 8,000 VND/tael for selling, currently at 1,028,000 VND/tael (buying) and 1,062,000 VND/tael (selling).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 18, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell out | Buy | Sell out | ||
| 99.9 silver | 1 amount | 1,026,000 | 1,056,000 | 1,028,000 | 1,062,000 |
| 1 kg | 27,367,000 | 28,165,000 | 27,419,000 | 28,316,000 | |
| Silver 99.99 | 1 amount | 1,034,000 | 1,064,000 | 1,036,000 | 1,066,000 |
| 1 kg | 27,573,000 | 28,377,000 | 27,615,000 | 28,428,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 18, 2025:
| Silver type | Unit | VND | |
| Buy | Sell out | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,241,000 | 1,279,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,093,251 | 34,106,581 |
Latest update on world silver price on May 18, 2025:
In the world market, the silver price listed on Goldprice.org is at 32.28 USD/ounce, down 0.24 USD/ounce compared to yesterday.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 837,000 | 842,000 |
| 1 Only | 100,948 | 101,573 |
| 1 Amount | 1,009,000 | 1,016,000 |
| 1 kg | 26,919,000 | 27,086,000 |
Silver prices recovered from the previous decline thanks to technical buying and a series of less positive US economic data than forecast, according to FX Empire.
Although gold prices are in a correction phase, many experts believe that this may be the right time for investors to pay attention to silver. This week, silver has maintained its price above 32 USD/ounce. Currently, the price of silver for June delivery is at 32.26 USD/ounce, down only 1.5% compared to last week.
It is worth noting that silver is showing relative strength against gold, causing the gold/silver ratio to fall below 100. This means that you need fewer ounces of silver to buy one ounce of gold than before.
Philip Streible, market strategist at Blue Line Futures, predicts silver will continue to outperform gold in the short term. "As recession fears ease and industrial activity begins to recover, money will continue to flow into silver. This could be a great opportunity for gold investors to diversify into silver," he explained.
This optimism stems from silver’s characteristics as both a precious metal with safe-haven properties like gold and an important industrial raw material. As the economy shows signs of recovery, industrial demand will help support silver prices.
