Silver continues to extend decline

Today's silver price is listed at 646,400 VND/tael for buying and 670,800 VND/tael for selling. World silver price weakened at 718,000/ounce for buying and 723,000/ounce for selling.

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on August 25, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	646,500	670,800	648,400	671,500
	1 kg	17,240,000	17,888,000	17,290,000	17,907,000
Silver 99.99	1 amount	648,400	672,600	650,300	674,100
	1 kg	17,300,000	17,937,000	17,340,000	17,977,000

Latest update on world silver prices on August 25, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	718,000	723,000
1 only	86,541	87,150
1 amount	865,000	872,000
1 kg	23,078,000	23,240,000

Global silver prices fluctuate across major markets including the London Bullion Market Association (LBMA), Comex in New York, Tocom in Tokyo and the Shanghai Gold Exchange with smaller exchanges in Istanbul, Moscow, India and Singapore.

The silver bullion prices shown on the silver price chart above are for .999 fine silver, the standard used for most silver coins and bars. By default, the silver price chart displays the current silver price in troy ounces and British pounds (GBP). It is important to note that troy ounces are the unit commonly used to measure the precious metal. A troy ounce is about 3 grams heavier, at 31.103 g. The weight options above the chart can also be changed to show the silver price in grams (g) or kilograms (kg). The silver price chart is a perfect way for investors to track recent trends in this alternative investment metal.

Silver bullion prices are issued in a variety of forms, which are used by different parts of the market. The most commonly used silver price for retail trading is the silver spot price. Silver prices are issued Monday to Friday, and the silver market is closed between 22:00 – 23:00 GMT each night. The market is also closed on weekends and some bank holidays.

In addition to being used as a common metal, silver is also traded as a hedge against inflation, due to its rarity. The silver trading market is becoming more and more bustling and potential as silver is second only to gold in terms of rarity, high liquidity, meeting the needs of investors.

Source: https://congthuong.vn/gia-bac-hom-nay-2582024-bac-tiep-tuc-keo-dai-da-giam-341298.html