This morning, the silver price on the world market stopped increasing. Domestically, businesses still kept the price at yesterday's level, with an increase of 20,000 to 27,000 VND/tael.
Domestic silver price today
Phu Quy silver price at Phu Quy Gold and Gemstone Group ( Hanoi ) is listed at 1,486,000 VND/tael (buy) and 1,532,000 VND/tael (sell), an increase of 26,000 VND/tael for buying and 27,000 VND/tael for selling compared to yesterday morning's trading session.
Also in Hanoi, surveying other trading locations, silver prices are currently listed at VND1,219,000/tael (buy) and VND1,252,000/tael (sell), up VND20,000/tael for buy and VND20,000/tael for sell compared to yesterday morning's trading session.
In Ho Chi Minh City, silver prices followed the same trend, currently at VND1,221,000/tael (buy) and VND1,258,000/tael (sell), up VND20,000/tael for both buying and selling compared to yesterday morning's trading session.
World silver price today
In the world market, according to giabac.net, at 05:53:34 on the morning of July 15, the spot silver price was trading at 38.196 USD/ounce, down 0.265 USD/ounce compared to the first trading session of the week.
Previously, the listed silver price was at 38.62 USD/ounce; an increase of 0.31 USD compared to yesterday morning.
World silver price is equivalent to 996,000 VND/ounce (buy) and 1,002,000 VND/ounce (sell), down 7,000 VND/ounce for both buying and selling compared to yesterday morning's trading session.
Silver prices continued to rise sharply during the week of July 6-12. In particular, on July 11 alone, silver jumped 1.93%, breaking through the resistance level of $37, opening a higher trading range.
"This rally is driven by a number of factors: signals from the Federal Reserve about rate cuts, trade tensions under President Trump, and a deepening silver supply shortage," market analyst James Hyerczyk emphasized.
When the Fed released the minutes of its July 9 meeting, showing strong support for a rate cut, markets reacted strongly, pushing down bond yields and increasing the appeal of silver and gold as safe-haven assets.
James Hyerczyk added that trade tensions have also increased as President Trump has imposed tariffs on several countries, including Japan, South Korea and others in the region, creating inflation concerns. This has further increased the demand for safe-haven silver.
"In addition, industrial demand also plays an important role in the silver price increase. In 2025, the silver market is expected to have a deficit of 117.6 million ounces, while industrial demand, especially from the solar energy, electric vehicle and AI industries, continues to increase," James Hyerczyk assessed.
Source: https://baolamdong.vn/gia-bac-hom-nay-15-7-bac-trong-nuoc-dong-loat-tang-382350.html
Comment (0)