Silver price today June 23: Stable after a deep drop

On the world market, the world silver price is listed at 35.97 USD/ounce.

The precious metals market has experienced significant volatility, with both gold and silver under pressure as investors adjust their views following information from the US Federal Reserve (FED) policy meeting.

"The Fed's message prompted some profit-taking from precious metals positions, but the decline was not too sharp, suggesting that underlying demand remains strong. Traders appear to have only adjusted their expectations for monetary policy, not abandoned their positive view on precious metals," said Gary Wagner, a technical market analyst.

Persistent geopolitical risks suggest any pullback in gold and silver could be temporary, as investors typically seek out precious metals when global uncertainty increases, the expert said.

In the domestic market, today's silver price at Phu Quy Gold and Gemstone Group increased slightly, listed at 1,395,000 VND/tael (buy) and 1,438,000 VND/tael (sell) in Hanoi .

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices remain unchanged for both buying and selling, currently listed at VND 1,121,000/tael (buy) and VND 1,151,000/tael (sell).

In Ho Chi Minh City, silver prices remained unchanged, currently at VND1,123,000/tael (buy) and VND1,156,000/tael (sell). World silver prices remained stable in both buying and selling directions, currently at VND941,000/ounce (buy) and VND946,000/ounce (sell).

Source: https://baodaknong.vn/gia-bac-hom-nay-23-6-on-dinh-sau-phien-giam-sau-256365.html