Silver price today April 10: Prices increase across the board

Specifically, in the domestic market, at 5:30 a.m. on April 10, the silver price at Phu Quy Jewelry Group ( Hanoi ), Phu Quy silver price was listed at VND 1,198,000/tael (buy) and VND 1,235,000/tael (sell), an increase of VND 10,000/tael in both buying and selling compared to the previous session.

Also in Hanoi, at other trading locations, silver prices were listed at VND973,000/tael (buy) and VND1,003,000/tael (sell), down VND23,000/tael in both buying and selling compared to the previous session.

In Ho Chi Minh City, silver prices also increased, currently at VND975,000/tael (buy) and VND1,008,000/tael (sell), also down VND23,000/tael for both buying and selling compared to the previous session.

Latest information on silver prices in Hanoi and Ho Chi Minh City on April 10, 2025:

World silver price

On the world market, at 06:03 on April 10, the spot silver price on thitruonghanghoa.com stopped at 30.91 USD/ounce, the current price is up 1.32 USD/ounce, equivalent to 4.45% compared to the previous price.

Previously, the silver price listed on Goldprice.org was at 29.9 USD/ounce. Equivalent to 793,000 VND/ounce (buy) and 798,000 VND/ounce (sell), an increase of 19,000 VND/ounce in both buying and selling compared to the previous session.

According to Kitco, silver prices have stabilized around $30/ounce, but experts say it is too early to enter the trade because the economy is facing uncertainty.

Silver prices have been hit hard in recent trading sessions as US President Donald Trump’s global import tariffs have roiled financial markets, raising concerns about a possible recession due to the trade war. Silver is heavily influenced by industrial demand, with 50% of demand coming from industrial use.

Silver prices fell more than 13% last week following the US President’s tariff announcement. The precious metal continued to face selling pressure on April 7, but has since recovered and is currently trading at $29.99 an ounce.

“While the silver rally looks promising, now is not the right time to chase the market,” Michele Schneider, Chief Market Strategist at MarketGauge, told Kitco News in an interview.

Schneider shared that in the current situation, investors and traders should remain cautious and not act hastily, as it is still too early to determine the long-term trend of the global economy or market.

Source: https://baodaknong.vn/gia-bac-hom-nay-10-4-dong-loat-tang-gia-248872.html