Silver price today March 4, 2025: World and domestic silver prices slightly decreased, investors suffered losses
Silver price today March 4, 2025: World silver price and domestic silver price decreased slightly, investors suffered losses. Experts believe that silver price may increase more strongly than gold price in 2025.
Domestic silver price today March 4, 2025
Domestic silver prices continued to decrease slightly this morning, causing difficulties for many investors.
At Phu Quy Gold and Gemstone Group, the price of 999 silver bars is currently listed at 1,190 - 1,227 million VND/tael (buy - sell), down 8,000 VND/tael compared to yesterday.
At the same time, the price of 999 silver bars also decreased similarly, down to 1,190 - 1,227 million VND/tael.
Investors who bought silver bars on February 25 and sold them today (March 4) may have lost about VND67,000/tael. This shows that the domestic silver market is adjusting in a downward trend, causing a significant impact on short-term traders.
The latest silver price list today, March 4, 2025 is as follows:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| 99.9 silver | 1 tree | 996,000 | 1,030,000 | 998,000 | 1,036,000 |
| 1 kg | 26,572,000 | 27,470,000 | 26,624,000 | 27,621,000 | |
| Silver 99.99 | 1 tree | 1,004,000 | 1,038,000 | 1,006,000 | 1,040,000 |
| 1 kg | 26,778,000 | 27,682,000 | 26,820,000 | 27,733,000 | |
| Phu Quy 999 Silver Bar (1Kilo, 10 Taels, 1 Tael) | 1,231,000 | 1,269,000 |
| 999 silver art coin (1 tael) | 1,231,000 | 1,448,000 |
| World silver price today (VND) | ||
| Unit | Buy | Sell |
| 1 Ounce | 809,000 | 814,000 |
| 1 Only | 97,546 | 98,163 |
| 1 Amount | 975,000 | 982,000 |
| 1 kg | 26,012,000 | 26,177,000 |
World silver price today March 4, 2025 and world silver price fluctuation chart in the past 24 hours
In the world market, silver price is currently listed at 31.62 USD/ounce, according to Kitco update at 9:20 am on March 4, Vietnam time. Compared to the previous session, silver price has not fluctuated too much but is still under downward pressure from many factors.
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The main reason for the decline in silver prices is due to concerns about the US Federal Reserve's interest rate policy. Currently, many investors believe that the Fed will likely maintain high interest rates for a while longer instead of cutting them in March.
New inflation data released on February 28 showed a 0.3% increase in January compared to December 2024. This reinforced the view that the Fed will not rush to loosen monetary policy and may delay the interest rate cut until June instead of March as initially expected.
The silver market is currently in a state of balance between buyers and sellers in the short term, according to Kitco analyst Jim Wyckoff.
However, the trend on the daily chart is bearish. If silver rises, the next resistance level will be at $32.61/ounce, followed by $33/ounce. If the price continues to fall, the first support level is at $32/ounce, followed by $31.635/ounce.
Silver Price Forecast
Despite the current decline in silver prices, some experts remain optimistic about the metal’s long-term prospects. Saxo Bank analyst Ole Hansen believes that silver could outperform gold by 2025. He notes that silver typically reacts more strongly to gold price movements, but with greater intensity. If gold continues to rally next year, silver could see an even more impressive rally.
Hansen said that silver prices will only reach a 12-year high in 2024, while gold continues to hit record highs. Silver is not only an investment asset but also plays an important role in industry, especially in the renewable energy sector. With increased industrial demand, silver could benefit more than gold.
According to Saxo Bank's forecast, if the gold-silver price ratio falls from 87 to 75 as at the beginning of 2024 and the gold price reaches $3,000/ounce, the silver price could reach $40/ounce, which is an increase of more than 25% compared to the present. This shows that silver still has the potential to recover and grow strongly in the coming time, especially when global economic and political factors have great fluctuations.
