Domestic and world silver prices maintain a slight increase

Silver price today (December 7), following the increase of the previous session, world silver price continued to increase by 6 USD/ounce in the past 24 hours..

Silver price today at Phu Quy Jewelry Group, silver price adjusted down slightly at 1,151,000 VND/tael (buy) and 1,187,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other trading locations in Hanoi, silver price is currently listed at 961,000 VND/tael (buy) and 995,000 VND/tael (sell). In Ho Chi Minh City, silver price was also recorded at 963,000 VND/tael (buy) and 997,000 VND/tael (sell). World silver price increased at 795,000 VND/ounce (buy) and 800,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on December 7, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell ​​out	Buy	Sell ​​out
99.9 silver	1 amount	961,000	995,000	963,000	997,000
	1 kg	25,626,000	26,524,000	25,678,000	26,575,000
Silver 99.99	1 amount	969,000	1,003,000	970,000	1,005,000
	1 kg	25,832,000	26,736,000	25,874,000	26,787,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on December 7, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell ​​out
Silver bars, Phu Quy 999 silver bars	1 amount	1,151,000	1,187,000
Phu Quy 999 Silver Bar	1 kg	30,693,257	31,653,254

Latest update on world silver price on December 7, 2024:

Unit	World silver price today (VND)
	Buy	Sell ​​out
1 Ounce	795,000	800,000
1 finger	95,811	96,424
1 amount	958,000	964,000
1 kg	25,550,000	25,713,000

World and domestic silver prices continued to increase compared to the previous trading session amid escalating US-China trade tensions. Another important factor supporting silver prices is the weakening of the USD.

China's ban on exports of key materials such as gallium, germanium and antimony to the United States has raised concerns about disruptions to global supply chains, sending investors to silver as a safe-haven asset.

Another important factor supporting silver prices is the weakening of the US dollar. The US Dollar Index fell slightly, reducing the attractiveness of the greenback and making silver more attractive to international investors. In a context of high inflation and geopolitical uncertainty, silver continues to be seen as a safe investment channel.

Source: https://congthuong.vn/gia-bac-hom-nay-7122024-bac-trong-nuoc-va-the-gioi-duy-tri-da-tang-nhe-362922.html