Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price turned down, listed at 1,240,000 VND/tael (buy) and 1,278,000 VND/tael (sell) in Hanoi .
Also in Hanoi, according to a survey at other trading locations, domestic silver prices remained unchanged in both buying and selling directions, currently listed at VND1,031,000/tael (buy) and VND1,061,000/tael (sell), down VND5,000/tael in both buying and selling directions compared to yesterday morning's trading session.
In Ho Chi Minh City, silver prices also decreased, currently at 1,033,000 VND/tael (buy) and 1,066,000 VND/tael (sell).
On the world market, the silver price listed on Goldprice.org is at 32.24 USD/ounce; down 0.17 USD compared to early this morning.
According to FX Empire, despite benefiting from a broadly weaker US dollar, silver prices have not increased as much as gold and platinum.
Technically, silver is hovering around $32.00/ounce on the downside and near the $32.75/ounce resistance on the upside.
"Silver is still expected to be supported by the possibility of the US Federal Reserve (FED) cutting interest rates in the future," said James Hyerczyk, market analyst at FX Empire.
Although the forecast for a rate cut in 2025 has been reduced to 52 basis points from more than 100 previously, weak inflation pressures and low retail sales reinforce the case for a more accommodative monetary policy, he said.
“With the US dollar under scrutiny, trade policy uncertainty rising and safe-haven flows returning, silver’s short-term bias is tilted to the upside,” James Hyerczyk opined.
Source: https://baodaknong.vn/gia-bac-hom-nay-21-5-quay-dau-sut-giam-253153.html
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