The silver market on July 30, 2025 recorded a slight downward trend in both domestic and international markets. The main reason came from the recovery of the USD after the US and the European Union reached a trade agreement, putting pressure on the prices of precious metals, including silver.
Domestic silver price
In the Hanoi market, Phu Quy Jewelry Group listed the price of 999 silver bars and ingots at VND1,455,000/tael (buy) and VND1,500,000/tael (sell). This price shows a decrease compared to the previous day. 1kg silver bars at the same unit are currently trading at VND38,799,903/kg (buy) and VND39,999,900/kg (sell).
At other trading points in Hanoi, 99.9 silver is being bought at VND1,195,000/tael and sold at VND1,229,000/tael. 99.99 silver is priced slightly higher, at VND1,203,000/tael (buy) and VND1,237,000/tael (sell).
In Ho Chi Minh City, silver prices also followed a downward trend. Silver 99.9 is currently bought at VND1,197,000/tael and sold at VND1,234,000/tael; silver 99.99 is listed at VND1,204,000/tael (buy) and VND1,239,000/tael (sell).
Per kilogram, the price of 99.99 silver in Ho Chi Minh City is currently VND32,117,000/kg (buy) and VND33,030,000/kg (sell); 99.9 silver is traded at VND31,921,000/kg (buy) and VND32,918,000/kg (sell).
World silver price
In the international market, silver prices continued to decrease slightly, currently trading at 38.27 USD/ounce, down 0.14 USD compared to the morning trading session on July 29. Converted to Vietnamese currency, world silver is bought at 999,000 VND/ounce and sold at 1,004,000 VND/ounce.
According to experts, the world silver price is strongly influenced by exchange rate movements. The increase in the value of the USD after the US and EU reached a trade agreement has made silver lose its appeal as a safe-haven asset.
However, market analyst Christopher Lewis believes that industrial demand for silver remains a positive factor supporting the metal's price in the medium to long term. He points to an important technical support zone at $37.50 an ounce. If silver prices hit this level and then rebound, it could be a good time to buy. Conversely, if prices continue to move sideways or only correct slightly, the uptrend is still intact.
The $40/ounce mark continues to be seen as an important psychological level. According to Mr. Lewis, if prices break above this level, the silver market could see a stronger rally. However, this is still a challenging target in the short term.
Source: https://baolamdong.vn/gia-bac-ngay-30-7-suy-giam-nhe-tren-ca-thi-truong-trong-nuoc-va-the-gioi-384320.html
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