World silver increased slightly
In the international market, silver prices recorded a modest increase on July 9. According to the latest update, silver is trading around 36.81 USD/ounce, up 0.09 USD compared to yesterday morning's session. Converted to VND, the world silver price is equivalent to 962,000 VND/ounce (buy) and 967,000 VND/ounce (sell), equivalent to 30.93 - 31.09 million VND/kg.
| Unit | VND | |
| Buy | Sell | |
| 1 Ounce | 962,000 | 967,000 |
| 1 amount | 115,975 | 116,604 |
| 1 only | 1,160,000 | 1,166,000 |
| 1 kg | 30,927,000 | 31,095,000 |
Silver is currently retreating from a near 13-year high, despite the medium-term uptrend remaining intact, due to profit-taking pressure and cautious investor sentiment, according to analyst James Hyerczyk. “The market is adjusting to reassess positions in the face of tariff uncertainty from the Trump administration and policy signals from the Fed,” he said. In addition, buying pressure at current highs is not considered strong enough to push silver above its long-term resistance level.
Domestic silver prices slightly decreased in Hanoi , remained stable in Ho Chi Minh City.
Domestically, silver prices on July 9 tended to decrease slightly in Hanoi, while in Ho Chi Minh City they remained almost unchanged. At Phu Quy Jewelry Group, 999 silver bars were listed at VND1,400,000/tael (buy) and VND1,443,000/tael (sell), equivalent to VND37.33 - 38.48 million/kg.
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,400,000 | 1,443,000 |
| Phu Quy 999 Silver Bar | 1 kg | 37,333,240 | 38,479,904 |
At other trading points, the price of 99.9 silver in Hanoi is currently at VND1,149,000/tael (buy) and VND1,182,000/tael (sell), down slightly from the previous session. 99.99 silver is also traded around VND1,156,000 - VND1,190,000/tael. Meanwhile, in Ho Chi Minh City, the price of silver remains stable at VND1,151,000/tael (buy) and VND1,188,000/tael (sell).
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 1,149,000 | 1,182,000 | 1,151,000 | 1,188,000 |
| 1 kg | 30,629,000 | 31,527,000 | 30,681,000 | 31,678,000 | |
| Silver 99.99 | 1 amount | 1,156,000 | 1,190,000 | 1,158,000 | 1,192,000 |
| 1 kg | 30,835,000 | 31,739,000 | 30,877,000 | 31,790,000 | |
Market awaits clear signals from the FED and trade policies
The global silver market is currently being driven by a number of macro factors. The US dollar continues to strengthen, putting downward pressure on precious metals prices. At the same time, developments related to US tariff policies and the upcoming Fed meeting have made investors more cautious about holding risky assets.
According to experts, many traders are watching from the sidelines, waiting for technical corrections to have a buying opportunity when the price retreats to the support zone. In the short term, if silver fails to break the 13-year resistance level, the market may continue to move sideways or correct slightly.
Summary
World silver prices continued to rise slightly on July 9 but failed to break out of the highest price range in more than a decade. Domestically, silver prices fell slightly in Hanoi and remained stable in Ho Chi Minh City, reflecting the general cautious sentiment of the market. In the context of uncertainty about global monetary and trade policies, silver prices may continue to fluctuate within a narrow range before establishing a new trend.
Source: https://baodanang.vn/gia-bac-ngay-9-7-bac-the-gioi-tang-nhe-truoc-nhung-bat-on-ve-thue-quan-3265290.html
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