World silver recovers positively

Today's silver price is listed at 867,000 VND/tael for buying and 915,000 VND/tael for selling in Hanoi. The silver price in Ho Chi Minh City is listed higher at 868,000 VND/tael for buying and 917,000 VND/tael for selling. The world silver price is at 702,000 VND/ounce for buying and 707,000 VND/ounce for selling.

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on September 11, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	867,000	915,000	868,000	917,000
	1 kg	23,115,000	24,413,000	23,153,000	24,459,000
Silver 99.99	1 amount	872,000	916,000	873,000	921,000
	1 kg	23,263,000	24,425,000	23,283,000	24,562,000

Latest update on world silver prices on September 11, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	702,000	707,000
1 only	84,627	85,221
1 amount	846,000	852,000
1 kg	22,567,000	22,726,000

Silver and platinum prices rose 1.66% and 3.07%, respectively. The recovery comes as markets are slowly stabilizing after a volatile week of new economic data.

Confidence in the US Federal Reserve’s (FED) monetary policy pivot continues to be reinforced. Despite the market’s volatility over the past week, investors remain confident that the FED will adjust monetary policy in a more accommodative direction. This has created positive momentum for both the precious metals and stock markets.

In addition, the US stock market grew simultaneously. All three major US stock indexes, Dow Jones, S&P 500 and Nasdaq, recorded an increase of more than 1% in the trading session on September 10, ending the previous consecutive decline. This growth shows that investors are gradually becoming more optimistic about the prospects of the US economy.

However, the market is still waiting to see the US inflation report released this week. This will be one of the most important economic data before the Fed holds a two-day policy meeting on September 17 and 18. The inflation report will provide important information to help investors more accurately assess the interest rate developments and monetary policy of the Fed in the coming time.

Source: https://congthuong.vn/gia-bac-hom-nay-1192024-bac-the-gioi-phuc-hoi-tich-cuc-344931.html