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Silver extends decline to fourth consecutive session

Báo Công thươngBáo Công thương06/11/2024

Silver price today (November 6), the 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 transaction 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/ounce (buy) and 828,000/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

Buy

Sell

Silver 99.9

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

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 prices on November 6, 2024:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

823,000

828,000

1 only 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 further as the market remains “unstable” ahead of the US presidential election, which will continue to boost demand for safe havens. 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

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