Silver price today January 11: Up more than 1%

Silver price today January 11, domestic silver price and world copper price continue to increase.

Silver price today at Phu Quy Gold and Gemstone Group, silver price is stable, listed at 1,132,000 VND/tael (buy) and 1,167,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, silver price increased slightly, currently listed at 943,000 VND/tael (buy) and 980,000 VND/tael (sell).

In Ho Chi Minh City, silver prices are also increasing, currently at 944,000 VND/tael (buy) and 986,000 VND/tael (sell). World silver prices are showing an increasing trend, currently at 769,000 VND/ounce (buy) and 774,000 VND/ounce (sell).

Silver price today January 11: Up more than 1%

At the end of yesterday's trading session, green covered most of the metal group's price list. Most precious metals increased in price, led by silver with an increase of more than 1%.

Silver prices rose to a four-week high as investors continued to assess the outlook for the Federal Reserve’s monetary policy. The latest FOMC minutes showed inflation is likely to slow this year, but policymakers noted that it could be a long-term battle, in part due to White House policies.

In addition, market uncertainty as Donald Trump prepares to take office as US president has also prompted investors to seek refuge in precious metals. According to CNN, citing sources familiar with the matter, Donald Trump is considering declaring a national economic emergency to provide a legal justification for a series of common tariffs on allies and rivals. Donald Trump will take office on January 20 and the tariffs he proposes are likely to cause a trade war and inflation. In this scenario, precious metals, considered a hedge against inflation, may continue to be supported.

Source: https://baodaknong.vn/gia-bac-hom-nay-11-1-tang-hon-1-239953.html