Silver price today January 8, 2025: Increased to $30.58 per ounce
Silver price on January 8, 2025, domestic and international silver prices simultaneously recorded a significant increase.
Overview of silver price today 1/8/2025
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Today, Phu Quy Gold and Gemstone Group recorded a slight increase in silver prices, with the listed price in Hanoi being VND 1,111,000/tael (buy) and VND 1,145,000/tael (sell).
At other trading points in the Hanoi area, silver prices increased more strongly, currently announced at VND941,000/tael (buy) and VND982,000/tael (sell).
In Ho Chi Minh City, silver prices also followed an upward trend, reaching VND943,000/tael (buy) and VND984,000/tael (sell) respectively.
In the international market, silver prices continue to increase, currently trading at 767,000 VND/ounce (buy) and 772,000 VND/ounce (sell).
Update on silver price on January 8 in two major markets Hanoi and Ho Chi Minh City
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 941,000 | 982,000 | 943,000 | 984,000 |
| 1 kg | 25,087,000 | 26,185,000 | 25,139,000 | 26,236,000 | |
| Silver 99.99 | 1 amount | 948,000 | 990,000 | 950,000 | 992,000 |
| 1 kg | 25,293,000 | 26,397,000 | 25,335,000 | 26,448,000 | |
Update silver price list 8/1 of Phu Quy Gold Investment Joint Stock Company
| Silver type | Unit/VND | Hanoi | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,111,000 | 1,145,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,626,593 | 30,533,257 |
Update world silver price list on January 8, 2025
| Unit | World silver price today (VND) | |
| Buy | Sell | |
| 1 Ounce | 767,000 | 772,000 |
| 1 only | 92,518 | 93,130 |
| 1 amount | 925,000 | 931,000 |
| 1 kg | 24,671,000 | 24,835,000 |
The first trading session of the week ended with green dominating the metal price list. In particular, silver prices continued their upward trend from the end of last week, recording an increase of 1.72%, reaching 30.58 USD/ounce.
The precious metals group benefited from strong buying pressure amid a significant decline in the US dollar in the afternoon session. The Dollar Index fell 0.64% to 108.26 points, after the Washington Post reported that President-elect Donald Trump's advisers are considering plans to impose tariffs on a number of countries, but only in areas that are important to US security or the economy. The news reduced concerns about high tariffs as previously announced, while also easing the risk of disruption to global trade.
Silver prices rebounded sharply after that, but the dollar regained some ground late in the session as the president-elect denied reports that his tariff policy would be less aggressive than previously stated.