In the domestic market, at Phu Quy Gold and Gemstone Group, Phu Quy silver price increased, listed at 1,304,000 VND/tael (buy) and 1,344,000 VND/tael (sell) in Hanoi .
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices decreased in both buying and selling directions, currently listed at VND 1,057,000/tael (buy) and VND 1,083,000/tael (sell).
In Ho Chi Minh City, silver prices also decreased, currently at 1,059,000 VND/tael (buy) and 1,089,000 VND/tael (sell). World silver prices decreased slightly, currently at 872,000 VND/ounce (buy) and 877,000 VND/ounce (sell).
In the world market, silver price listed on Goldprice.org is at 34.03 USD/ounce; down 0.3% compared to yesterday's trading session.
Silver prices are down slightly, but trade wars and global political tensions will spur safe-haven flows, creating favorable conditions for precious metals, especially white metals, according to FXStreet.
In addition, strong industrial demand, especially from new sectors such as electric vehicles and solar energy, is driving demand for white metals. The consumer electronics market is also expected to continue to grow, thanks to the development of artificial intelligence systems.
However, the US ISM manufacturing PMI for March will be the focus on April 1. If the results are higher than expected, this could support the USD and limit the upside for silver.
Source: https://baodaknong.vn/gia-bac-hom-nay-2-4-dao-chieu-giam-247987.html
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