Silver price today June 15: Turning down

Silver price today June 15, domestic and world silver markets recorded a slight decrease after an accelerating session.

Domestic silver price

Silver price today at Phu Quy Gold and Gemstone Group, silver price reversed to increase, listed at 1,397,000 VND/tael (buy) and 1,440,000 VND/tael (sell) in Hanoi .

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices decreased slightly in both buying and selling directions, currently listed at VND 1,128,000/tael (buy) and VND 1,158,000/tael (sell).

In Ho Chi Minh City, silver prices also decreased, currently at 1,130,000 VND/tael (buy) and 1,164,000 VND/tael (sell). World silver prices decreased slightly in both buying and selling directions, currently at 947,000 VND/ounce (buy) and 952,000 VND/ounce (sell).

World silver price

On the world market, silver price is listed at 36.26 USD/ounce; down 0.26 USD compared to early this morning.

Silver prices continued to fall, diverging from gold, which has been rising on safe-haven demand. While gold hit a multi-week high on geopolitical tensions, silver prices cooled after peaking at $36.89 an ounce earlier in the week.

“ This difference reflects silver’s dual nature as both a precious metal and an industrial metal,” said James Hyerczyk, a market analyst. “Unlike gold, silver prices are closely linked to global manufacturing and clean energy demand, two factors that are less affected by short-term geopolitical tensions.

While silver lagged on the impact of general economic sentiment and industrial demand. Despite maintaining weekly gains, silver prices remain on a weak base without strong catalysts .

The macro backdrop also weighed on silver, he added. Rising U.S. Treasury yields and a stronger dollar supported gold but weighed on silver. Silver’s industrial demand story remains challenged amid tight financial conditions.

Source: https://baodaknong.vn/gia-bac-hom-nay-15-6-quay-dau-giam-255608.html