Silver price today October 22, 2025: Silver price drops sharply, away from the 2 million VND mark
Silver price today October 22, 2025: Domestic and world silver prices fell sharply by more than 7%, moving away from the 2 million VND mark and the 50 USD/ounce mark due to profit-taking activities and the strength of the USD.
Domestic silver price today October 22, 2025
At Phu Quy company, Phu Quy 999 silver bar 1 tael is listed at 1,879,000 VND/tael for buying and 1,937,000 VND/tael for selling, down 114,000 VND for buying and 118,000 VND for selling compared to yesterday. The current buying-selling difference is 58,000 VND.
Phu Quy 999 silver bars with specifications of 10 taels and 5 taels also recorded similar prices, buying at 1,879,000 VND/tael and selling at 1,937,000 VND/tael, down 114,000 VND for buying and 118,000 VND for selling compared to yesterday.
The high-end product Phu Quy 999 silver art coin has a buying price of VND 1,879,000/tael and a selling price of VND 2,211,000/tael, down VND 114,000 and VND 134,000 respectively compared to the previous session. The difference in price of this product is VND 332,000/tael.
Phu Quy 999 silver bars of 1 kg were traded at a buying price of VND 50,106,541/kg and a selling price of VND 51,653,204/kg, down VND 3,039,993 and VND 3,146,659 respectively compared to October 21. The buying - selling difference was VND 1,546,663.
In the other branded silver segment, 999 silver over 500 taels (pieces - bars - ingots) has a buying price of VND 1,605,770/tael, down VND 97,850 compared to yesterday.
Silver 999 under 500 taels (pieces - bars - ingots) was traded at VND 1,559,000/tael for buying, down VND 95,000 compared to the previous session.
According to data from Vietnam Metals Exchange (VME), in the Hanoi market, 99.9 purity silver (1 tael) has a buying price of VND1,596,000 and a selling price of VND1,626,000, down VND96,000 in both directions compared to yesterday.
Higher purity 99.99 silver was listed at VND1,603,000 for buying and VND1,633,000 for selling per tael, down VND97,000 in both directions.
In Ho Chi Minh City, the price of 99.9 silver (1 tael) was at 1,598,000 VND (buy) and 1,631,000 VND (sell), down 96,000 VND and 97,000 VND. For 1 kg silver bars, silver was traded at 42,602,000 VND (buy) and 43,499,000 VND (sell), down 2,577,000 VND in both buying and selling.
Silver 99.99 in Ho Chi Minh City is priced at 1,605,000 VND for buying and 1,635,000 VND for selling per tael, down 97,000 VND in both directions compared to October 21. For 1 kg silver bars, the corresponding prices are 42,798,000 VND and 43,611,000 VND, down 2,577,000 VND in both directions.
World silver prices fell sharply due to profit-taking activities
Silver price on the morning of October 22 in the international market opened at 48.72 USD/ounce, down 3.67 USD/ounce, equivalent to 7.02% compared to the previous session.
During the Asian trading session, silver prices fluctuated between $47.87 and $52.67 per ounce and stood at $48.60 per ounce at 5:40 a.m. (Hanoi time). This was the sharpest drop since the beginning of the month, causing silver prices to fall below the psychological threshold of $50 per ounce.
Converted at the current exchange rate, the world silver price is equivalent to about 1.310 million VND/ounce (buy) and 1.315 million VND/ounce (sell), equivalent to 42.12 - 42.29 million VND/kg.
Silver prices fell more than 7% due to widespread profit-taking after several consecutive sessions of gains. The rising US dollar made the precious metal less attractive to investors holding other currencies. The USD-Index rose 0.35% to 98.93 points, marking the third consecutive session of gains, putting great pressure on silver prices.
Meanwhile, industrial demand for silver is slowing. In China, GDP growth in the third quarter was just 4.8%, down from 5.2% in the previous quarter. Although industrial output rose 6.5% year-on-year in September, the economy remains heavily reliant on exports, which has dented demand for silver in the electronics, green energy and solar sectors.
Despite the sharp drop in silver prices in the short term, many experts still rate the metal's long-term prospects as positive. The silver market is forecast to continue to have a supply deficit for the fifth consecutive year due to increased demand from the renewable energy and electric vehicle industries.
In addition, geopolitical tensions and the possibility of the US Federal Reserve easing monetary policy in the coming time could reactivate safe-haven buying, helping silver prices recover.
Investors are currently waiting for the US Consumer Price Index (CPI) data, scheduled to be released on the evening of October 24 (Vietnam time), which is considered the key factor in determining interest rates and silver price trends in the coming time.
The sharp decline in silver prices is part of a natural correction cycle after a period of overheating. With weak demand and unfavorable macro factors, silver prices may continue to fluctuate in a narrow range.
However, long-term investors still consider silver a valuable asset to preserve capital, especially in the context of global economic instability.
