World silver continues to sink in red

Today's silver price is listed at 921,000 VND/tael for buying and 962,000 VND/tael for selling in Hanoi. The silver price in Ho Chi Minh City is listed higher at 923,000 VND/tael for buying and 968,000 VND/tael for selling. The world silver price is at 793,000 VND/ounce for buying and 797,000 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 28, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	921,000	962,000	923,000	968,000
	1 kg	24,562,000	25,660,000	24,610,000	25,806,000
Silver 99.99	1 amount	925,000	966,000	927,000	972,000
	1 kg	24,658,000	25,772,000	24,710,000	25,909,000

Latest update on world silver prices on September 28, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	783,000	787,000
1 only	94,409	94,854
1 amount	944,000	949,000
1 kg	25,176,000	25,294,000

At the end of the trading session, the metal market witnessed a significant reversal when 5/10 items recorded a decrease. The red color covered the metal price chart after a previous session of positive trading, mainly due to profit-taking activities of investors at high prices. In the group of precious metals, silver prices weakened from a nearly 4-month peak, closing at 32.01 USD/ounce, down 1.27%. This adjustment took place after a strong increase in the previous session.

Many factors affecting the precious metals market, such as the US Federal Reserve's decision to cut interest rates, continue to be a strong support for the precious metals market. Low interest rates create favorable conditions for investment in safe-haven assets such as gold, silver and platinum. Tensions in the Middle East, especially the conflict between Israel and Hezbollah, have increased concerns about global geopolitical instability. This has boosted demand for safe havens, supporting the price of precious metals. In addition, after a period of strong price increases, investors have taken profits, putting downward pressure on silver prices.

Experts predict that the upward trend in silver, platinum and gold prices will continue in the coming period thanks to the support of low interest rates and geopolitical tensions. However, the market may still witness short-term fluctuations due to profit-taking and other unexpected factors.

Source: https://congthuong.vn/gia-bac-hom-nay-2892024-bac-the-gioi-tiep-tuc-chi-m-trong-sac-do-348838.html