World silver price today July 8, 2025 slightly decreased
After a stable trading session, the silver market on July 8, 2025 recorded a slight downward trend in both domestic and world markets.
In the international market, silver prices have slightly decreased, currently trading at 36.72 USD/ounce, down 0.17 USD compared to the previous session. Converted according to the exchange rate, the world silver price is equivalent to about 949,000 VND/ounce (buy) and 954,000 VND/ounce (sell), equivalent to 30.5 - 30.6 million VND/kg. Despite the decrease, many experts are still optimistic about the prospects of this metal in the coming time.
| Unit | VND | |
| Buy | Sell | |
| 1 Ounce | 949,000 | 954,000 |
| 1 amount | 114,401 | 115,031 |
| 1 only | 1,144,000 | 1,150,000 |
| 1 kg | 30,507,000 | 30,675,000 |
The decline was driven by a slight rise in the US Dollar Index (DXY), which weighed on precious metals priced in USD. In addition, market sentiment was dominated by concerns about US tariff policies and the possibility of the Federal Reserve (Fed) maintaining high interest rates following positive economic data. However, in a recent interview, Mr. Ryan McIntyre - senior managing partner at investment firm Sprott said that he is shifting his attention from gold to silver in the short term. According to him, the gold/silver price ratio has fallen below 92, significantly lower than the peak above 100 in April, opening up an attractive opportunity for silver.
While industrial demand accounts for about 60% of the silver market and continues to create a supply deficit, silver’s role as a physical asset remains important, McIntyre noted. Easing fears of a global economic downturn and easing trade tensions are supporting cyclical industrial demand for silver, particularly in sectors such as renewable energy and electronics.
Domestic silver prices fell across the board
At Phu Quy Jewelry Group, the price of 999 silver bars and ingots was adjusted down, currently listed at VND1,384,000/tael (buy) and VND1,427,000/tael (sell). Meanwhile, at other transaction points in Hanoi , the price of 99.9 and 99.99 silver remained stable, fluctuating between VND1,155,000 - VND1,196,000/tael. Ho Chi Minh City recorded similar prices, with 99.9 silver at VND1,157,000/tael (buy) and VND1,194,000/tael (sell); 99.99 silver at VND1,164,000 - VND1,198,000/tael.
Domestic silver price list on July 8, 2025
Below is the detailed silver price list in the regions and Phu Quy Group on July 8, 2025:
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,155,000 | 1,188,000 | 1,157,000 | 1,194,000 |
| 1 kg | 30,795,000 | 31,693,000 | 30,847,000 | 31,844,000 | |
| Silver 99.99 | 1 amount | 1,163,000 | 1,196,000 | 1,164,000 | 1,198,000 |
| 1 kg | 31,001,000 | 31,905,000 | 31,043,000 | 31,956,000 | |
Source: https://baodanang.vn/gia-bac-hom-nay-8-7-2025-gia-bac-the-gioi-giam-nhe-3265220.html
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