The silver market is somewhat less optimistic, as prices continue to fluctuate around resistance levels but lack the strength to break out.
Silver price today at Phu Quy Jewelry Group, silver price increased slightly, listed at 1,393,000 VND/tael (buy) and 1,436,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, domestic silver price remained the same for both buying and selling, currently listed at 1,149,000 VND/tael (buy) and 1,182,000 VND/tael (sell).
In Ho Chi Minh City, silver prices are stable, currently at VND1,151,000/tael (buy) and VND1,188,000/tael (sell). World silver prices have slightly decreased in both buying and selling directions, currently at VND956,000/ounce (buy) and VND961,000/ounce (sell).
On the world market, the world silver price is listed at 36.41 USD/ounce; down 0.12 USD compared to yesterday morning.
The silver market is somewhat less optimistic, as prices continue to fluctuate around resistance levels but lack the strength to break out.
Senior market analyst Christopher Lewis said that the $37.50/ounce mark is being closely watched by many investors. If the price can break through this level, there is a high possibility of continuing to move towards the $40/ounce threshold. On the other hand, the $35 area is currently acting as a support level.
"Sooner or later, the market will break out of the current price range to form a new uptrend. However, we need to be very careful, because silver is a highly volatile asset and is easily affected by unexpected news," said Mr. Christopher Lewis.
According to Christopher Lewis, this is not a market for impatient investors, but it is worth paying attention to if investors are waiting for a buying opportunity on a correction.
Source: https://baolamdong.vn/gia-bac-hom-nay-11-7-bac-the-gioi-giam-gia-do-ap-luc-tu-loi-suat-trai-phieu-381914.html
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