Domestic market
Silver price today at Phu Quy Gold and Gemstone Group, silver price continues to decrease, listed at 1,383,000 VND/tael (buy) and 1,426,000 VND/tael (sell) in Hanoi .
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to decrease in both buying and selling directions, currently listed at VND 1,114,000/tael (buy) and VND 1,144,000/tael (sell).
In Ho Chi Minh City, silver prices are also on a downward trend, currently at VND1,116,000/tael (buy) and VND1,150,000/tael (sell).
World silver prices decreased in both buying and selling directions, currently at 935,000 VND/ounce (buy) and 941,000 VND/ounce (sell).
World market
On the world market, silver price is listed at 35.95 USD/ounce; down 0.11 USD compared to yesterday morning.
Silver markets fell slightly after news that Iran and Israel agreed to a ceasefire, causing demand for safe-haven assets to plummet.
"Despite the decline, silver is not only a safe haven asset, but also an industrial metal. So the question is: is the current industrial demand strong enough to continue to push silver prices higher as before?" said Christopher Lewis, senior market analyst.
The expert said that the silver market is still sending positive signals, as the price fluctuated around the $35.50/ounce mark and then bounced back, showing a clear recovery. This trend is also happening similarly with gold.
Source: https://baodaknong.vn/gia-bac-hom-nay-26-6-tiep-tuc-giam-256698.html
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