Domestic silver price
Silver price today at Phu Quy Gold and Gemstone Group, silver price continues to decline, listed at 1,392,000 VND/tael (buy) and 1,435,000 VND/tael (sell) in Hanoi .
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices have dropped sharply in both buying and selling directions, currently listed at VND 1,121,000/tael (buy) and VND 1,151,000/tael (sell).
In Ho Chi Minh City, silver prices also decreased, currently at 1,123,000 VND/tael (buy) and 1,156,000 VND/tael (sell). World silver prices reversed and decreased in both buying and selling directions, currently at 941,000 VND/ounce (buy) and 946,000 VND/ounce (sell).
World silver price
On the world market, silver price is listed at 35.71 USD/ounce; down 0.94 USD compared to early this morning.
Analysts say this is not a negative signal. In fact, silver prices remain high due to strong market expectations for long-term growth, especially in silver-consuming sectors such as renewable energy, technology and sensor manufacturing.
Renewable energy, especially solar panel production, along with high-tech industries such as sensor chips and electronic devices, are boosting the demand for pure silver. This is one of the reasons why silver is considered a precious metal with the potential for stable growth in the future, not just a safe haven asset like gold.
In addition, the interest rate policies of central banks, especially the US Federal Reserve (FED), also have a great impact on silver price movements. The FED's stable interest rate at its recent meeting has helped reduce pressure on the precious metal market, thereby reinforcing expectations of recovery in the second half of the year.
Source: https://baodaknong.vn/gia-bac-hom-nay-22-6-tiep-tuc-giam-sau-256287.html
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