Silver price today September 29, 2025: Phu Quy silver price continues to increase
World silver prices today, September 29, continued to increase thanks to expectations that the FED will maintain its interest rate cut cycle, industrial demand, and concerns about supply shortages.
In the world market, silver price is listed at 46.33 - 46.53 USD/ounce (buy - sell); up 0.29 USD/ounce in both buying and selling directions compared to the close of yesterday's trading session, September 28.
Converted to VND, the world silver price is currently at 1,223,000 VND/ounce (buy) and 1,229,000 VND/ounce (sell).
The price of Phu Quy 999 silver bars at Phu Quy Gold and Gemstone Group continues to increase, listed at 1,782,000 VND/tael (buy) and 1,818,000 VND/tael (sell) in Hanoi. Compared to yesterday, the silver price increased by 19,000 VND/tael in both buying and selling directions.
In addition, according to a survey at other trading locations in Hanoi, the domestic price of 99.99 silver is currently listed at VND 1,468,000/tael (buy) and VND 1,502,000/tael (sell), a slight increase of VND 25,000/tael in both buying and selling directions.
In Ho Chi Minh City, the price of 99.99 silver is currently at 1,494,000 VND/tael (buy) and 1,532,000 VND/tael (sell), a slight increase of 24,000 VND/tael in the buying direction - a slight increase of 25,000 VND/tael in the selling direction.
| Silver price today - Updated: 9/29/2025 10:30 - Source website time - ▼/▲ Compared to yesterday. | |||
| Type | Unit | Silver price in Hanoi | |
| Buy | Sell | ||
| 99.9 silver | 1 amount | 1,485,000 | 1,519,000 |
| 1 kg | 39,601,000 | 40,499,000 | |
| Silver 99.99 | 1 amount | 1,493,000 | 1,527,000 |
| 1 kg | 39,807,000 | 40,711,000 | |
| Type | Unit | Silver price in Ho Chi Minh City | |
| Buy | Sell | ||
| 99.9 silver | 1 amount | 1,487,000 | 1,524,000 |
| 1 kg | 39,653,000 | 40,650,000 | |
| Silver 99.99 | 1 amount | 1,494,000 | 1,532,000 |
| 1 kg | 39,849,000 | 40,862,000 | |
Silver prices have hit a 14-year high, fueled by expectations of lower real interest rates and tight silver supplies.
The latest inflation data reinforces the view that the US Federal Reserve is likely to continue cutting interest rates this year, reducing the cost of holding non-yielding assets, thereby boosting investment demand for precious metals such as silver.
Industrial demand for silver, particularly for electric vehicles, solar power and electronics manufacturing, remains strong. However, supply has not kept pace, as much of it is a byproduct of mining other metals. Production is forecast to increase only slightly in 2025, not enough to offset the large shortfall.
The Silver Institute predicts 2025 will be the fifth consecutive year of market shortage, with demand exceeding supply by more than 100 million ounces, causing inventories to continue to decline.
While both gold and silver benefit from the Fed’s rate cut expectations, silver is currently seeing stronger upside momentum, according to expert James Hyerczyk. He stressed that this is not an unusual surge, but the result of a long-term accumulation process.
