Silver price today May 20, 2025: Silver price increased slightly but still in a downward trend due to profit taking
Silver price today May 20, 2025: Domestic and world silver prices increased slightly, however, experts said that silver prices are still weakening in the context of a wave of profit-taking in the market after this precious metal reached a historic peak in April.
Surveyed at 4:30 this morning, silver price today May 20, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,244,000 VND/tael (buy) and 1,282,000 VND/tael (sell). Compared to yesterday, silver price increased by 3,000 VND/tael in both buying and selling directions.
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices remained unchanged 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 prices remained unchanged in both buying and selling directions, currently at VND1,028,000/tael (buy) and VND1,062,000/tael (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 20, 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 | 27,373,000 | 28,171,000 | 27,425,000 | 28,322,000 | |
| Silver 99.99 | 1 amount | 1,034,000 | 1,064,000 | 1,036,000 | 1,066,000 |
| 1 kg | 27,579,000 | 28,383,000 | 27,621,000 | 28,434,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 20, 2025:
| Silver type | Unit | VND | |
| Buy | Sell out | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,244,000 | 1,282,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,173,250 | 34,186,581 |
Latest update on world silver price on May 20, 2025:
In the world market, the silver price listed on Goldprice.org is at 32.33 USD/ounce, down 0.06 USD/ounce compared to yesterday.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 837,000 | 843,000 |
| 1 Only | 100,968 | 101,593 |
| 1 Amount | 1,010,000 | 1,016,000 |
| 1 kg | 26,925,000 | 27,092,000 |
Silver prices recorded a slight increase, but experts said the long-term trend is still facing many resistances. James Hyerczyk commented that silver prices are still weakening in the same direction as gold, in the context of the market appearing a wave of profit-taking after this precious metal reached a historical peak in April.
He said that although the gold-silver ratio shows signs of adjustment, silver is still under pressure from macro factors, especially market sentiment is shifting unfavorably towards precious metals.
A key factor pointed out by James Hyerczyk is the strengthening of the US dollar. As the greenback enters its fourth consecutive week of gains, the attractiveness of silver has significantly diminished. This is especially evident in the context of improving global risk sentiment.
A temporary truce in the US-China tariff war also boosted the stock market, helping to ease geopolitical tensions, which in turn reduced demand for safe-haven assets such as silver and gold.
James Hyerczyk said silver is entering the new trading week with a weak trend, mainly due to the lack of momentum from safe-haven demand and unclear expectations about the US Federal Reserve's interest rate policy.
According to him, unless important economic data such as inflation or statements from the Fed show a clearer signal of policy easing, the downward pressure on silver prices will continue. In the short term, the sellers still have the upper hand and dominate the market trend.
