Silver price today May 14: World silver price increased slightly

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price increased sharply, listed at 1,273,000 VND/tael (buy) and 1,312,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other trading locations in Hanoi, domestic silver prices reversed to increase in both buying and selling directions, currently listed at 1,049,000 VND/tael (buy) and 1,079,000 VND/tael (sell).

In Ho Chi Minh City, silver prices are also increasing, currently at VND1,051,000/tael (buy) and VND1,085,000/tael (sell). World silver prices are increasing in both buying and selling directions, currently at VND856,000/ounce (buy) and VND862,000/ounce (sell).

On the world market, the silver price listed on Goldprice.org is at 32.74 USD/ounce.

Easing trade tensions and a stronger US dollar are weakening the appeal of safe-haven assets such as gold and silver, according to FX Empire.

Although under less pressure than gold, silver still faces strong selling pressure from the market as important technical levels are being closely watched by investors.

“Traders have adjusted their gold-silver ratios, cutting their gold positions after the metal’s sharp drop below $3,300 an ounce,” said James Hyerczyk, market analyst at FX Empire. “Silver’s smaller decline suggests the gold market was previously overbought relative to silver.”

This shows that silver is holding up better than gold, but could still fall if the bearish trend continues to spread across the metals market, he said.

Source: https://baodaknong.vn/gia-bac-hom-nay-14-5-gia-bac-the-gioi-nhich-tang-nhe-252479.html