After a stable session yesterday, silver prices today rebounded. Updated at Phu Quy Gold and Silver at 8:00 a.m., the buying price is 1,095,000 VND/tael and the selling price is 1,129,000 VND/tael in Hanoi. The world silver price is at 764,000/ounce for buying and 769,000/ounce for selling.
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 11, 2024
Silver type | Unit/VND | ||
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,095,000 | 1,129,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,199,927 | 30,106,591 |
Latest update on world silver prices on October 11, 2024
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 764,000 | 769,000 |
| 1 only | 92,158 | 92,758 |
| 1 amount | 922,000 | 928,000 |
| 1 kg | 24,576,000 | 24,735,000 |
The world silver market is witnessing a volatile trading session in the context of the global financial market being under pressure.
The main reason for the volatility in silver prices is believed to be the US dollar. When the US dollar rises, other assets, including silver, often become less attractive to investors, leading to a decrease in demand and a fall in prices.
In addition, investors are also becoming more cautious after the recent sharp increases in silver prices. Profit-taking pressure and portfolio adjustments have caused silver prices to fall sharply.
Concerns about inflation and the monetary policies of the US Federal Reserve (FED) also continue to put pressure on the silver market. Investors are closely watching the FED's moves to make investment decisions.
In addition, the geopolitical situation, especially the escalating tensions in the Middle East, also contributed to increased market instability and caused strong fluctuations in silver prices.
However, experts still predict that this precious metal still has long-term growth potential. Silver demand for industrial applications and renewable energy is increasing, especially in the context of the global green energy transition trend.
Investors are now closely monitoring developments in macroeconomic factors, geopolitical situations and consumption trends of major countries to make appropriate investment decisions.
Faced with strong fluctuations in the silver market, investors need to be cautious and have a clear investment plan. They should diversify their investment portfolio, closely monitor market information and consult experts to make the right investment decisions.
Source: https://congthuong.vn/gia-bac-hom-nay-11102024-bac-bien-dong-manh-do-do-ng-usd-tang-cao-351599.html
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