Global silver prices maintained their upward trend, rising by 0.6%.

Silver prices recovered today after several consecutive days of decline. In Hanoi, silver is quoted at 944,000 VND/ounce for buying and 971,000 VND/ounce for selling. In Ho Chi Minh City, prices are higher at 946,000 VND/ounce for buying and 973,000 VND/ounce for selling. World silver prices are currently at 791,000 VND/ounce for buying and 796,000 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 October 18, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	944,000	971,000	946,000	973,000
	1 kg	25,185,000	25,883,000	25,237,000	25,934,000
99.99% Silver	1 tael	948,000	975,000	950,000	977,000
	1 kg	25,281,000	25,995,000	25,333,000	26,046,000

Updated silver price list from Phu Quy Gold Investment Joint Stock Company on October 18, 2024.

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,127,000	1,162,000
999 Gold Ingots	1 kg	30,053,258	30,986,589

Latest update on world silver prices as of October 18, 2024.

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	791,000	796,000
1 tael	95,389	95,993
1 tael	954,000	960,000
1 kg	25,437,000	25,598,000

The metal price chart gradually turned green yesterday, with 6 out of 10 commodities rising after two consecutive days of declines. In the precious metals group, silver and platinum both increased by approximately 0.6%, closing at $31.97/ounce and $1,002.6/ounce respectively.

Yesterday, the precious metals group saw little movement due to the temporary lack of new economic data. Additionally, conflicting signals from fundamental information have kept silver and platinum prices sideways recently.

Besides the Federal Reserve's interest rate movements, investors' attention is also gradually shifting to the upcoming crucial US election. Increased uncertainty ahead of the announcement of the next president could boost demand for precious metals as a hedge against risk, thereby limiting the potential for a sharp decline in silver and platinum prices.

Source: https://congthuong.vn/gia-bac-hom-nay-18102024-bac-the-gioi-duy-tri-da-tang-06-353072.html