Silver price today May 13: Reversal down in both buying and selling directions...

Domestic silver price

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price decreased slightly, listed at 1,229,000 VND/tael (buy) and 1,267,000 VND/tael (sell) in Hanoi .

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices have reversed and decreased in both buying and selling directions, currently listed at VND 1,039,000/tael (buy) and VND 1,069,000/tael (sell).

In Ho Chi Minh City, silver prices also decreased, currently at 1,041,000 VND/tael (buy) and 1,074,000 VND/tael (sell).

World silver price

On the world market, the silver price listed on Goldprice.org is at 32.63 USD/ounce.

Silver prices edged lower in morning trade this morning. However, according to FX Empire, silver is still benefiting from the rise in gold prices and growing expectations of looser monetary policy.

“Despite holding above medium-term support, silver’s investment appeal remains limited,” said James Hyerczyk, market analyst at FX Empire.

Traders are looking ahead to key macro events this week, including inflation data, retail sales and a speech by US Federal Reserve Chairman Jerome Powell for further directional cues for the market.

Any tariff relief would be positive for silver, as more than half of the metal's demand comes from industries such as electronics and solar power generation, said James Hyerczyk.

Traders are waiting for signs that the new deal could boost trade flows in the industrial sector.”

Source: https://baodaknong.vn/gia-bac-hom-nay-13-5-dao-chieu-giam-o-ca-hai-chieu-mua-va-ban-ra-252358.html