Silver weakened from its near-four-month high.

Today's silver price is listed at 922,000 VND/ounce for buying and 963,000 VND/ounce for selling in Hanoi. In Ho Chi Minh City, the listed price is higher at 923,000 VND/ounce for buying and 968,000 VND/ounce for selling. The world silver price is currently at 793,000 VND/ounce for buying and 797,000 VND/ounce for selling.

Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on September 27, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	922,000	963,000	923,000	968,000
	1 kg	24,581,000	25,679,000	24,619,000	25,825,000
99.99% Silver	1 tael	925,000	963,000	927,000	972,000
	1 kg	24,677,000	25,691,000	24,729,000	25,928,000

Latest update on world silver prices on September 27, 2024

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	793,000	797,000
1 tael	95,665	96,110
1 tael	957,000	961,000
1 kg	25,511,000	25,629,000

At the close of trading, 5 out of 10 metal commodities saw price declines, with red returning to the metal price chart after the previous positive trading session, mainly due to profit-taking by investors at high prices. For precious metals, silver weakened from its nearly four-month peak, closing at $32.01 per ounce after a 1.27% drop. Conversely, platinum continued its upward trend, rising 0.4% to $991.7 per ounce.

The precious metals market continues to benefit from the large-scale interest rate cuts by the US Federal Reserve (FED). Experts predict that the prices of silver, platinum, and gold will continue to maintain an upward trend in the near future, supported by the low interest rate environment.

Furthermore, escalating geopolitical tensions are also supporting precious metal prices. The market is concerned about the potential for widespread violence in the Middle East as Israel intensifies its attacks on Iran-backed Lebanese Hezbollah militias, with the two sides exchanging missiles even as Israel continues its war in Gaza.

However, silver prices still fell yesterday, mainly due to profit-taking by investors.

Source: https://congthuong.vn/gia-bac-hom-nay-2792024-bac-suy-yeu-tu-muc-dinh-gan-4-thang-348617.html