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Silver price today 6/7/2025: Silver increases 'skyrocketingly'

Silver price today (June 7, 2025), domestic and world silver prices increased sharply.

Báo Công thươngBáo Công thương07/06/2025

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price increased sharply, listed at 1,346,000 VND/tael (buy) and 1,388,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices increased in both buying and selling directions, currently listed at 1,141,000 VND/tael (buy) and 1,171,000 VND/tael (sell). In Ho Chi Minh City, silver prices also increased, currently at 1,143,000 VND/tael (buy) and 1,176,000 VND/tael (sell). World silver prices increased in both buying and selling directions, currently at 942,000 VND/ounce (buy) and 947,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on June 6, 2025:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

1,141,000

1,171,000

1,143,000

1,176,000

1 kg 30,420,000 31,218,000 30,472,000 31,369,000
Silver 99.99 1 amount 1,148,000 1,179,000 1,150,000 1,181,000
1 kg 30,626,000 31,430,000 30,668,000

31,481,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on June 6, 2025:

Silver type

Unit

VND

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,346,000

1,388,000

Phu Quy 999 Silver Bar 1 kg 35,893,244 37,013,241

Latest update on world silver prices on June 6, 2025:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

942,000

947,000

1 only 113,521 114,149
1 amount 1,135,000 1,141,000
1 kg 30,272,000

30,440,000

On the world market, silver price is listed at 35.86 USD/ounce; up 1.33 USD compared to early this morning.

Silver prices are rallying strongly, heading towards multi-year highs after breaking through key resistance levels at $34.87/ounce and $35.40/ounce, indicating strong demand and investment interest.

While silver’s rise was largely driven by technical factors, broader market factors also supported prices. The US dollar is currently not a major obstacle, while inflation concerns have increased interest in safe-haven assets like silver.

" The increase in steel tariffs and trade tensions between the US and China have boosted safe-haven sentiment, primarily gold. This has also helped silver benefit from its dual role as an industrial metal and an investment asset, " said James Hyerczyk, a market analyst.

The market is now focused on US employment data, with non-farm payrolls due to be released on June 6, he added.

" If the jobs data is good, it could delay a rate cut, helping the US dollar strengthen and reducing investment in silver.

On the contrary, if the jobs data is below expectations, silver will benefit as traders adjust their expectations for the US Federal Reserve's monetary policy, " James Hyerczyk said.

Vy Vy

Source: https://congthuong.vn/gia-bac-hom-nay-762025-bac-tang-phi-ma-391183.html


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