Global silver prices rose impressively by over 4%.

Today's silver price is listed at 912,000 VND/ounce for buying and 957,000 VND/ounce for selling in Hanoi. In Ho Chi Minh City, the listed price is higher at 913,000 VND/ounce for buying and 959,000 VND/ounce for selling. The world silver price is currently at 755,000 VND/ounce for buying and 760,000 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 15, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	912,000	957,000	913,000	959,000
	1 kg	24,316,000	25,514,000	24,354,000	25,560,000
99.99% Silver	1 tael	917,000	957,000	918,000	962,000
	1 kg	24,464,000	25,526,000	24,484,000	25,663,000

Latest update on world silver prices as of September 15, 2024.

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	755,000	760,000
1 tael	91,006	91,599
1 tael	910,000	916,000
1 kg	24,268,000	24,426,000

The precious metals market had a very positive trading week, especially silver, with an impressive increase of over 4%.

At the close of trading this weekend, the price of silver officially surpassed $30.1 per ounce, its highest level in two months. This was the strongest single-day increase for silver since mid-June this year. In addition, the price of platinum also recorded a 2.72% increase, reaching $982.2 per ounce, its highest level in a month and a half.

The main reason behind this strong growth is that investors are expecting the US Federal Reserve (FED) to decide to cut interest rates at its upcoming meeting.

The latest economic data from the US has further reinforced this expectation. Specifically, both the US Producer Price Index (PPI) and core PPI were lower than forecast, suggesting that inflation is cooling down faster than expected. In addition, the increase in jobless claims is also a signal that the labor market is slowing down somewhat.

A cooling inflation rate would give the Fed more room to adjust monetary policy, and a reduction in interest rates is one of the most anticipated possibilities by investors.

Furthermore, the European Central Bank's (ECB) decision to lower interest rates also contributed to the optimistic sentiment in the precious metals market. This move by the ECB has increased expectations that the Federal Reserve will also take similar action.

However, investors should also note that the precious metals market remains volatile and is influenced by various factors. In addition to monitoring central bank policy decisions, investors should also consider factors such as geopolitical situations, exchange rate fluctuations, and supply and demand in the market.

Source: https://congthuong.vn/gia-bac-hom-nay-1592024-bac-the-gioi-tang-an-tuong-hon-4-345905.html