Silver price today July 22: Silver continues to increase

This morning, the price of silver in the world market increased sharply. Domestically, brands adjusted according to the trend of world silver prices, however, the increase was very modest.

Domestic silver price today

At 5:30 a.m. on July 22, Phu Quy silver price at Phu Quy Gold and Gemstone Group ( Hanoi ) was listed at VND 1,463,000/tael (buy) and VND 1,508,000/tael (sell), an increase of VND 6,000/tael for both buying and selling compared to yesterday morning's trading session.

Also in Hanoi, surveying other trading locations, silver prices are currently listed at VND1,202,000/tael (buy) and VND1,236,000/tael (sell), up VND7,000/tael for buy and VND8,000/tael for sell compared to yesterday morning's trading session.

Silver price today 227 Silver continues to increase

In Ho Chi Minh City, silver prices followed the same trend, currently at VND1,204,000/tael (buy) and VND1,242,000/tael (sell), up VND7,000/tael for buying and VND8,000/tael for selling compared to yesterday morning's trading session.

World silver price today

In the world market, according to giabac.net, at 06:10:52 on the morning of July 22, the spot silver price was trading at 39.139 USD/ounce, an increase of 0.989 USD/ounce compared to yesterday morning's trading session.

Previously, silver price was listed at 38.165 USD/ounce, unchanged from yesterday's trading session.

World silver price is equivalent to 1,018,000 VND/ounce (buy) and 1,024,000 VND/ounce (sell), an increase of 20,000 VND/ounce in buying and 21,000 VND/ounce in selling compared to yesterday morning's trading session.

Despite profit-taking pressure, market analyst James Hyerczyk said silver still showed superior strength compared to gold, reflecting stable demand amid geopolitical uncertainty and expectations of lower interest rates.

"Previously, the peak of $39.13/ounce, the highest level since 2011, showed that silver is being viewed as a safe-haven asset and an important industrial input. Market sentiment remains firm despite mixed signals from the US Federal Reserve (FED) and global policy fluctuations," said James Hyerczyk.

Stable consumer and manufacturing prices have removed the main obstacle to the Fed cutting interest rates, the expert added.

James Hyerczyk said the outlook for the rest of the third quarter remains positive. "Silver is supported by monetary policy, industrial demand (solar, electronics) and global uncertainty," he said.

Source: https://baolamdong.vn/gia-bac-hom-nay-22-7-bac-noi-tiep-da-tang-383166.html