Silver price today, October 9, 2025: Strong increase, reaching a new peak.

Phu Quy brand silver prices

At Phu Quy company, Phu Quy 999 silver bars (1 tael) are listed at a buying price of 1,865,000 VND/tael and a selling price of 1,923,000 VND/tael, an increase of 35,000 VND in the buying price and 36,000 VND in the selling price compared to yesterday. The buy-sell spread is currently 58,000 VND.

Phu Quy 999 silver bars in 10-tael and 5-tael denominations also recorded similar prices, buying at 1,865,000 VND/tael and selling at 1,923,000 VND/tael, showing a consistent increase similar to silver ingots.

High-end Phu Quy 999 sterling silver art products are priced at 1,865,000 VND/ounce for buying and 2,194,000 VND/ounce for selling, an increase of 35,000 VND and 41,000 VND respectively compared to the previous session.

999 pure gold bars (1 kg) are being traded at a buying price of 49,733,209 VND/kg and a selling price of 51,279,872 VND/kg, an increase of 933,331 VND and 959,998 VND respectively compared to October 8th. The buy-sell spread is 1,546,663 VND.

Prices of other brands of silver

In the other branded silver segment, 999 silver in quantities exceeding 500 taels (pieces - bars - ingots) is being bought at 1,601,650 VND/tael, an increase of 30,900 VND compared to yesterday.

999 silver in quantities under 500 taels (pieces - bars - ingots) is trading at 1,555,000 VND/tael for buying, an increase of 30,000 VND compared to the previous session.

Silver prices in the Hanoi market

According to data from Vietnam Metals Exchange (VME), in the Hanoi market, 99.9% pure silver (1 tael) is priced at 1,555,000 VND for buying and 1,589,000 VND for selling, an increase of 30,000 VND in both directions compared to yesterday.

99.99% pure silver is listed at 1,563,000 VND for buying and 1,597,000 VND for selling per tael, an increase of 30,000 VND in both directions.

Silver prices in Ho Chi Minh City market.

In Ho Chi Minh City, the price of 99.9% pure silver (1 tael) is 1,557,000 VND (buying) and 1,595,000 VND (selling), an increase of 30,000 VND in both directions.

In Ho Chi Minh City, 99.99% pure silver is priced at 1,565,000 VND for buying and 1,603,000 VND for selling per tael, an increase of 30,000 VND in both directions compared to October 8th.

World silver prices surge, nearing historical highs.

On the global market, the spot price of silver surged, reaching $48.94 per ounce, a 2.3% increase compared to the same time on October 8th. This increase indicates a renewed vibrancy in the precious metals market as demand for safe-haven assets and speculation increases.

According to senior analyst Christopher Lewis, silver prices are fluctuating within a sensitive psychological zone. Investors are showing caution, but still favor a "buy on dips" strategy. He believes the $48/ounce level is acting as a crucial technical support, attracting many buy orders from medium- and long-term traders.

Christopher Lewis stated that the $50/ounce mark is a "historic barrier" that has caused silver prices to surge twice but then quickly correct sharply over the past few decades. Therefore, the approaching price of silver at this level is causing investors to be both hopeful and cautious.

He believes that the area around $46/ounce currently acts as important support, while $50/ounce remains the clearest target for an uptrend. If the price breaks above this level, the market could open up a new bull cycle.

This expert also warned of the possibility of a correction if the USD recovers. Because silver is closely correlated with the greenback, whenever the USD appreciates, silver usually faces corresponding downward pressure. However, Lewis believes the main market trend remains strongly upward, and short-selling silver at the present time carries significant risks.