Silver price today 5/21/2025: Silver price increased sharply due to war in Gaza
Silver price today May 21, 2025: Domestic and world silver prices are expected to increase sharply today due to increased geopolitical tensions in Gaza
Surveyed at 4:30 this morning, silver price today May 21, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,250,000 VND/tael (buy) and 1,289,000 VND/tael (sell). Compared to yesterday, silver price increased by 6,000 VND/tael in buying direction - increased by 7,000 VND/tael in selling direction.
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices increased by VND17,000/tael in both buying and selling directions, currently listed at VND1,043,000/tael (buy) and VND1,073,000/tael (sell).
In Ho Chi Minh City, silver price increased by 17,000 VND/tael in buying - increased by 16,000 VND/tael in selling, currently at 1,045,000 VND/tael (buy) and 1,078,000 VND/tael (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on May 21, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,043,000 | 1,073,000 | 1,045,000 | 1,078,000 |
| 1 kg | 27,802,000 | 28,600,000 | 27,854,000 | 28,751,000 | |
| Silver 99.99 | 1 amount | 1,050,000 | 1,080,000 | 1,052,000 | 1,082,000 |
| 1 kg | 28,008,000 | 28,812,000 | 28,050,000 | 28,863,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 21, 2025:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,250,000 | 1,289,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,333,250 | 34,373,247 |
Latest update on world silver prices on May 21, 2025:
On the world market, the silver price listed on Goldprice.org is at 32.87 USD/ounce, up 0.52 USD/ounce compared to yesterday.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 851,000 | 856,000 |
| 1 Only | 102,579 | 103,205 |
| 1 Amount | 1,026,000 | 1,032,000 |
| 1 Kg | 27,354,000 | 27,521,000 |
Silver Price Forecast
Domestic and international silver prices are expected to increase sharply today due to rising geopolitical tensions in Gaza. France, Britain and Canada are considering imposing sanctions on Israel if it does not stop its ground attacks on the Gaza Strip and does not allow humanitarian aid to reach the area.
In response, Israeli Prime Minister Benjamin Netanyahu asserted a tough stance, saying that Israel has the right to defend itself against threats.
In another development, the Russia-Ukraine war continues to attract attention after US President Donald Trump had a two-hour phone call with Russian President Vladimir Putin.
Despite declaring that he would bring peace within days of taking office, Mr. Trump recently announced that the US would withdraw from any negotiations, emphasizing that "this is not our war."
The view has drawn strong criticism from European Union leaders and raised concerns about America's waning role on the international stage.
Rising uncertainty, coupled with the perceived loss of US leadership in international conflicts, is contributing to a decline in confidence in the US dollar in global markets, further reinforcing the desire to seek safe-haven assets such as gold and silver.
China’s central bank cut a key interest rate to stimulate the economy after disappointing economic data on Monday. Australia’s central bank also cut rates, signaling signs of slowing growth in major economies, further fueling the rush to safe-haven assets like gold and silver.
Technically, the market is also in a tug-of-war between buyers and sellers. The next upside target is to break above $33.48/ounce, while the important support level is at $31. Silver prices may fluctuate between $32 and $33 in the short term if there is no major news from the US economy.
