Silver price today June 9: Domestic market continues to decrease

On the world market, silver price is listed at 35.92 USD/ounce; unchanged from early this morning.

Although silver prices failed to stay above $36 an ounce, they still maintained a strong upward trend with a 9% increase at the end of the week.

Silver is currently trading at a 13-year high. While there may be some volatility, breaking above $35 an ounce is a major milestone. This is only the third time in history that silver has reached this price level.

According to experts at multinational investment bank and financial services provider TD Securities, the last time silver reached this level was in 2010, after just 6 weeks, the price of silver peaked at $50/ounce.

Silver price today 096 Domestic market continues to decrease

Interest in silver has been growing steadily over the past month, as gold prices hit a record above $3,500 an ounce, pushing the gold-silver ratio to an 11-year high above 100. However, analysts at TD Securities point out that silver has been undervalued relative to gold for years.

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price remains unchanged, listed at 1,343,000 VND/tael (buy) and 1,385,000 VND/tael (sell) in Hanoi .

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to decrease in both buying and selling directions, currently listed at VND 1,116,000/tael (buy) and VND 1,146,000/tael (sell).

In Ho Chi Minh City, silver prices also decreased, currently at 1,118,000 VND/tael (buy) and 1,152,000 VND/tael (sell). World silver prices are stable in both buying and selling directions, currently at 937,000 VND/ounce (buy) and 942,000 VND/ounce (sell).

Source: https://baodaknong.vn/gia-bac-hom-nay-09-6-thi-truong-trong-nuoc-tiep-tuc-giam-254981.html