Silver price today June 17: Domestic silver increased simultaneously

This morning, the world silver price was trading around 36,321 USD/ounce, almost unchanged from yesterday morning's trading session. Domestically, brands simultaneously adjusted up both buying and selling prices.

Domestic silver price

At 5:30 a.m. on June 17, Phu Quy Gold and Gemstone Group ( Hanoi ) listed the price of Phu Quy silver at VND 1,402,000/tael (buy) and VND 1,445,000/tael (sell), an increase of VND 5,000/tael for both buying and selling compared to yesterday morning's trading session.

Also in Hanoi, according to a survey at other trading locations, silver prices are currently listed at VND1,132,000/tael (buy) and VND1,162,000/tael (sell), an increase of VND4,000/tael for both buying and selling compared to yesterday morning's trading session.

Similarly, in Ho Chi Minh City, silver prices are stable, currently at VND1,134,000/tael (buy) and VND1,167,000/tael (sell), up VND4,000/tael for both buying and selling compared to yesterday morning's trading session.

World silver price

In the world market, according to giabac.net, at 05:26:19 on the morning of June 17, the spot silver price was trading at 36,321 USD/ounce, slightly down from 36,383 USD/ounce in yesterday morning's trading session.

Previously, the silver price listed on Goldprice.org was at 36.34 USD/ounce; an increase of 0.08 USD compared to early this morning.

World silver price is currently at 946,000 VND/ounce (buy) and 951,000 VND/ounce (sell), almost unchanged compared to yesterday morning's trading session.

"Silver's long-term trend remains positive on expectations that the Federal Reserve will ease policy later this year. Futures markets are currently pricing in a 99.7% chance that the Fed will keep interest rates at 4.25% - 4.5%," said James Hyerczyk, a market analyst.

Any unexpected move towards easing would help silver prices, according to James Hyerczyk.

On the other hand, industrial demand for silver remains strong, especially in solar power generation and electronic components. Negotiations between the US and China, if they reach a deal on rare earths in exchange for technology, could reduce silver’s safe-haven status in the short term but strengthen industrial demand, especially if supply chains normalize.

Source: https://baodaknong.vn/gia-bac-hom-nay-17-6-bac-trong-nuoc-dong-loat-tang-255802.html