Silver price today May 28, 2025: Silver price drops sharply due to the recovery strength of the USD
Silver price today May 28, 2025: Silver price dropped sharply on one hand due to the psychology of reducing demand for safe havens, on the other hand due to the recovery strength of the USD
Surveyed at 4:30 this morning, silver price today May 28, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,260,000 VND/tael (buy) and 1,299,000 VND/tael (sell). Compared to yesterday, silver price decreased by 11,000 VND/tael in both buying and selling directions.
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices decreased by VND 11,000/tael in both buying and selling directions, currently listed at VND 1,048,000/tael (buy) and VND 1,078,000/tael (sell).
In Ho Chi Minh City, silver price decreased by 11,000 VND/tael in both buying and selling directions compared to yesterday, currently at 1,050,000 VND (buy) and 1,083,000 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 28, 2025:
| Type | Unit | Silver price in Hanoi | Silver price in Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| 99.9 silver | 1 liter | 1,048,000 | 1,078,000 | 1,050,000 | 1,083,000 |
| 1 kg | 27,943,000 | 28,741,000 | 27,995,000 | 28,892,000 | |
| Silver 99.99 | 1 amount | 1,056,000 | 1,086,000 | 1,057,000 | 1,088,000 |
| 1 kg | 28,149,000 | 28,953,000 | 28,191,000 | 29,004,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone GroupMay 28, 2025:
| Silver type | Unit | VND | |
| Buy | Sell out | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,260,000 | 1,299,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,599,916 | 34,639,913 |
Latest update on world silver price on May 28, 2025:
In the world market, the silver price listed on Goldprice.org is at 33.05 USD/Ounce, down 0.4 USD/Ounce compared to yesterday.
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 857,000 | 862,000 |
| 1 Only | 103,316 | 103,941 |
| 1 Amount | 1,033,000 | 1,039,000 |
| 1 kg | 27,551,000 | 27,718,000 |
Silver Price Forecast
Silver prices (XAG/USD) fell more than 1%, mainly due to weakening safe-haven demand as trade tensions between the US and the European Union eased.
US President Donald Trump has postponed the imposition of 50% tariffs on EU goods from June 1 to July 9. This decision is considered a positive signal, helping to reduce uncertainty in international markets. As risks decrease, safe-haven assets such as silver are sold more, pushing prices down.
Meanwhile, the US dollar (USD) has been rising sharply as the US and EU step up efforts to reach a trade deal. A Reuters report said European officials are asking domestic companies to disclose their investment plans in the US market, further raising hopes of a possible deal.
The US dollar index (DXY), which measures the greenback's strength against six major currencies, rose to near 99.35. A stronger dollar makes silver more expensive for international investors, reducing the appeal of the metal.
Analysts at Commerzbank said the dollar’s recovery was a delayed reaction to Trump’s announcement of a tariff delay over the weekend. A public holiday in the US kept markets quiet at the start of the week, and it was only when major markets like the UK reopened that the impact really became apparent.
Silver price movements are currently being influenced by a dual factor: on the one hand, the reduced safe-haven demand, and on the other hand, the recovering strength of the USD, both of which are putting pressure on silver to correct lower in the short term.
