Silver tends to decrease after many "hot" increasing sessions

Silver prices today (October 26) slightly decreased in both domestic and world markets after many sessions of 'galloping' increase.

Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,247,000 VND/tael (buy) and 1,268,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price is currently listed at 985,000 VND/tael (buy) and 1,030,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 987,000 VND/tael (buy) and 1,032,000 VND/tael (sell). World silver price is at 842,000 VND/ounce (buy) and 847,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 26, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell ​​out	Buy	Sell ​​out
99.9 silver	1 amount	985,000	1,030,000	987,000	1,032,000
	1 kg	26,275,000	27,473,000	26,327,000	27,524,000
Silver 99.99	1 amount	989,000	1,034,000	991,000	1,036,000
	1 kg	26,371,000	27,585,000	26,423,000	27,636,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 26, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell ​​out
Silver bars, Phu Quy 999 silver bars	1 amount	1,247,000	1,286,000
Phu Quy 999 Silver Bar	1 kg	33,253,250	34,293,248

Latest update on world silver price on October 26, 2024:

Unit	World silver price today (VND)
	Buy	Sell ​​out
1 Ounce	842,000	847,000
1 finger	101,485	102,097
1 amount	1,015,000	1,021,000
1 kg	27,063,000	27,226,000

At the end of the trading session, the metal market was mixed, with all commodities recording slight fluctuations, changing no more than 0.1% compared to the reference level. Specifically, for precious metals, silver prices decreased slightly by 0.13% to 33.79 USD/ounce.

Concerns about the upcoming US presidential election, along with conflicts in the Middle East, are still pushing investors to hold precious metals as a risk-hedging tool, thereby supporting precious metal prices. On the other hand, in the context of the US economy continuing to receive more positive signals, the role of precious metals as a haven is gradually losing ground as the market shifts money to other risky investment channels such as the US stock market.

In addition, the US Department of Labor reported that the number of people filing for unemployment benefits for the first time in the US fell to 227,000 last week. A preliminary report from S&P Global showed that US business activity continued to improve in October, with the manufacturing and services purchasing managers' indexes (PMI) reaching 47.8 and 55.3 points, respectively, both higher than expected.

Source: https://congthuong.vn/gia-bac-hom-nay-26102024-bac-co-xu-huong-gia-m-sau-nhie-u-phien-tang-nong-354798.html