Silver price today 5/22/2025: Silver price continues to increase due to strong buying demand from China
Silver price today May 22, 2025: Domestic and world silver prices are expected to increase sharply today due to strong buying demand from China
Surveyed at 4:30 this morning, silver price today May 22, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,272,000 VND/tael (buy) and 1,311,000 VND/tael (sell). Compared to yesterday, silver price increased by 22,000 VND/tael in both buying and selling directions.
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices increased by VND11,000/tael in both buying and selling directions, currently listed at VND1,054,000/tael (buy) and VND1,084,000/tael (sell).
In Ho Chi Minh City, silver price increased by 12,000 VND/tael in both buying and selling directions, currently at 1,056,000 VND/tael (buy) and 1,090,000 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 22, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,054,000 | 1,084,000 | 1,056,000 | 1,090,000 |
| 1 kg | 28,115,000 | 28,913,000 | 28,167,000 | 29,064,000 | |
| Silver 99.99 | 1 amount | 1,062,000 | 1,092,000 | 1,064,000 | 1,094,000 |
| 1 kg | 28,321,000 | 29,125,000 | 28,363,000 | 29,176,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 22, 2025:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,272,000 | 1,311,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,919,915 | 34,959,913 |
Latest update on world silver prices on May 22, 2025:
On the world market, the silver price listed on Goldprice.org is at 33.26 USD/ounce, up 0.25 USD/ounce compared to yesterday.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 861,000 | 866,000 |
| 1 Only | 103,753 | 104,379 |
| 1 Amount | 1,038,000 | 1,044,000 |
| 1 Kg | 27,667,000 | 27,834,000 |
Silver Price Forecast
Silver prices continued to rise thanks to the flow of money into precious metals as safe assets. Silver futures for July delivery also increased slightly by 0.126 USD to 33.30 USD/ounce.
According to the night news, CNN reported that US intelligence believes that Israel may be preparing to attack Iran's nuclear facilities. However, the market is not too concerned about this information, because Israel has had a contingency plan for this for many years.
Asian and European stocks are mixed, while US markets are expected to open slightly lower. The US dollar continues to weaken, while WTI crude oil prices edged up to around $62.50 a barrel. The yield on the 10-year US Treasury note is currently at 4.567%.
Technically, the bulls have a slight upper hand, with the next resistance at $34,015, while the nearest support is at $33.
Silver prices recovered this week partly due to increased safe-haven demand, especially from China.
In addition, Bloomberg also reported that Chinese jewelry businesses and investors imported the most platinum in the past year, as the stability of this metal is more attractive than the volatile gold market.
