Silver extends decline to fourth consecutive session

Silver price today (November 6), world silver market and domestic silver market continue to decrease due to pressure from many factors.

Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,200,000 VND/tael (buy) and 1,237,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price is currently listed at 1,009,000 VND/tael (buy) and 1,036,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 1,011,000 VND/tael (buy) and 1,038,000 VND/tael (sell). World silver price is at 823,000 VND/ounce (buy) and 828,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 6, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell ​​out	Buy	Sell ​​out
99.9 silver	1 amount	1,009,000	1,036,000	1,011,000	1,038,000
	1 kg	26,919,000	27,617,000	26,971,000	27,668,000
Silver 99.99	1 amount	1,013,000	1,040,000	1,015,000	1,042,000
	1 kg	27,015,000	27,729,000	27,067,000	27,780,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 6, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell ​​out
Silver bars, Phu Quy 999 silver bars	1 amount	1,200,000	1,237,000
Phu Quy 999 Silver Bar	1 kg	31,999,920	32,986,584

Latest update on world silver price on November 6, 2024:

Unit	World silver price today (VND)
	Buy	Sell ​​out
1 Ounce	823,000	828,000
1 finger	99,265	99,876
1 amount	993,000	999,000
1 kg	26,471,000	26,634,000

At the end of yesterday's trading session, for precious metals, silver prices extended their decline to the fourth consecutive session, falling 0.22% to $32.61/ounce, the lowest level in two weeks.

In recent sessions, in the context of the conflict in the Middle East showing signs of cooling down, along with the weight coming from the US bond yields and the continuously rising USD exchange rate, the role of precious metals as a haven is gradually being overshadowed, causing the prices of silver and platinum to simultaneously adjust down again.

However, industry experts say prices are unlikely to fall much as the market remains “unstable” ahead of the US presidential election, which will continue to boost demand for safe haven investments. Citi Research recently revised its silver price forecast for the next 6 to 12 months to $40 an ounce from $38 an ounce in its previous forecast.

Source: https://congthuong.vn/gia-bac-hom-nay-6112024-bac-noi-dai-da-giam-sang-phien-thu-tu-lien-tiep-356972.html