Silver price today, December 23rd: Soaring to $69.2 due to US inflation.
Global silver prices surged to $69.2 per ounce amid cooling US inflation and a weakening US dollar. Domestic markets also saw price increases at major trading systems.
As of December 23, 2025, silver prices in both the global and domestic markets have risen sharply, driven by positive economic data from the US and the weakening of the US dollar.
Domestic silver price trends
According to surveys, domestic silver prices continue to rise in both buying and selling prices. Specifically, the listed prices at some major trading systems are as follows:
- At Phu Quy Gold, Silver and Gemstone Group (Hanoi):The price of silver is listed at 2,602,000 VND/ounce (buying price) and 2,682,000 VND/ounce (selling price).
- At other transaction locations in Hanoi:Silver is trading at 2,238,000 VND/ounce (buying price) and 2,268,000 VND/ounce (selling price).
- In Ho Chi Minh City:The price of silver was recorded at 2,240,000 VND/ounce (buying price) and 2,274,000 VND/ounce (selling price).
Global markets are accelerating.
On the international market, the spot price of silver was quoted at $69.2 per ounce, up $2.34 from the morning trading session on December 22nd. This increase is believed to be a market reaction to important macroeconomic signals.
Causes stem from monetary policy and inflation.
According to James Hyerczyk, a precious metals analyst at FX Empire, silver prices are being strongly supported by cooling inflation in the US, signs of a weakening labor market, and a depreciating US dollar.
The main impetus comes from the loose monetary policy of the US Federal Reserve (FED). The decision to cut interest rates by 25 basis points for the third consecutive time on December 10th, bringing the federal funds rate down to 3.5-3.75%, has reduced the opportunity cost of holding non-yielding assets such as silver and gold.
In addition, the most recent consumer price index (CPI) rose only 2.7%, lower than the forecast of 3.1%. The core CPI also fell to 2.6%, the lowest level since the beginning of 2021. The rapidly cooling inflation data prompted investors to sell off the US dollar, paving the way for a sharp rise in silver prices.
Hyerczyk also commented: "The yield on 10-year US Treasury bonds has fallen to around 4.15%, further weakening the attractiveness of the dollar and creating a favorable environment for precious metals."
