Domestic silver price
Surveyed at 4:30 this morning, today's silver price May 17, 2025 at Phu Quy Gold and Gemstone Group, Phu Quy silver price is listed at 1,232,000 VND/tael (buy) and 1,270,000 VND/tael (sell). Compared to yesterday, the silver price increased by 2,000 VND/tael in both buying and selling directions.
In addition, according to a survey at other trading locations in Hanoi , domestic silver prices dropped sharply by VND11,000/tael in both buying and selling directions, currently listed at VND1,019,000/tael (buy) and VND1,049,000/tael (sell).
In Ho Chi Minh City, silver prices dropped sharply by 11,000 VND/tael for buying and 12,000 VND/tael for selling, currently at 1,021,000 VND/tael (buy) and 1,054,000 VND/tael (sell).
World silver price
On the world market, the silver price listed on Goldprice.org is at 32.03 USD/ounce, down 0.49 USD/ounce compared to yesterday.
Silver prices fell sharply as investor sentiment improved thanks to positive signals from US-China trade negotiations, according to Kitco. Silver futures for July delivery lost 58 USD to 32.10 USD/ounce.
Asian and European stock markets had mixed performances overnight, while US markets were expected to open higher in New York. The optimism stemmed from the easing of trade tensions between the world's two largest economies over the past week.
Barrons magazine reported that Walmart's CEO warned about the impact of tariffs on production costs, and predicted the situation would get worse as the supply of goods from China decreased after a month of applying trade restrictions.
In another development, Fed Chairman Jerome Powell warned that the US economy could face more frequent and prolonged supply shocks. These signals suggest that the Fed will not cut interest rates anytime soon.
Technically, the silver market is in a state of balance. Bulls are aiming to push the price above $33.48, while bears are looking to push the price below $31. The immediate resistance levels are at $32.865 and $33, while the immediate support levels are at $31.78 and $31.5.
Silver is at a neutral 5.0 on a 10-point scale, indicating the market is in a temporary equilibrium before a more pronounced trend, according to Wyckoff.
Source: https://baodaknong.vn/gia-bac-hom-nay-17-5-thi-truong-dang-trong-trang-thai-can-bang-tam-thoi-252816.html
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