Silver price today April 20: Domestic and international prices both decrease

Domestically, today's silver price at Phu Quy Gold and Gemstone Group, Phu Quy silver price is stable, listed at 1,247,000 VND/tael (buy) and 1,286,000 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 1,033,000/tael (buy) and VND 1,063,000/tael (sell).

Silver price today recorded, domestic and world silver price decreased due to investors stepping up profit taking activities.

In Ho Chi Minh City, silver prices also decreased, currently at 1,035,000 VND/tael (buy) and 1,069,000 VND/tael (sell). World silver prices decreased in both buying and selling directions, currently at 843,000 VND/ounce (buy) and 848,000 VND/ounce (sell).

On the world market, the silver price listed on Goldprice.org is at 32.4 USD/ounce.

Silver prices fell in the last trading session, with the May contract down $0.435 (1.33%) to $32.54 an ounce, according to Kitco.

Despite a recent correction, silver, a semi-precious metal with many industrial applications, has continued to rise in the last nine sessions. Since opening at $29.23 an ounce on April 7, the price of silver has increased by more than 10%.

According to Jim Wyckoff, senior analyst at Kitco, gold and silver prices fell together due to profit-taking pressure from short-term investors ahead of the three-day Easter holiday. This weakened both metals.

Silver is clearly underperforming gold right now, with the gold-silver ratio rising from 99.24 on April 7 to 102.151 today, a ratio not seen since mid-May 2020, said Gary Wagner, a commodities broker and market analyst.

Source: https://baodaknong.vn/gia-bac-hom-nay-20-4-trong-nuoc-va-the-gioi-deu-giam-249978.html