Silver price today April 25: Domestic and world silver prices continue...

Recorded on the morning of April 25, at Phu Quy Gold and Gemstone Group ( Hanoi ), Phu Quy silver price reversed to increase, listed at 1,286,000 VND/tael (buy) and 1,326,000 VND/tael (sell), up 21,000 VND/tael for buying and 32,000 VND/tael for selling compared to yesterday morning's trading session.

Also in Hanoi, at other trading locations, silver prices are currently listed at VND1,064,000/tael (buy) and VND1,094,000/tael (sell), an increase of VND15,000/tael for both buying and selling compared to yesterday morning's session.

In Ho Chi Minh City, silver prices also increased, currently at VND1,066,000/tael (buy) and VND1,099,000/tael (sell), an increase of VND15,000/tael for both buying and selling compared to yesterday morning.

On the world market, according to giabac.net, the spot silver price stopped at 33,650 USD/ounce, up 0.40 USD/ounce compared to yesterday morning's trading session.

World silver prices increased this morning in both buying and selling directions, currently at 875,000 VND/ounce for buying and 880,000 VND/ounce for selling.

Previously, the silver price listed on Goldprice.org was at $33.40/ounce.

Although silver has struggled to keep up with gold's strong growth, some analysts remain confident in the precious metal's potential, according to Kitco.

Ole Hansen, head of commodity strategy at Saxo Bank, said he still sees potential for silver prices to reach $40 an ounce this year.

While recession fears have hit industrial demand for silver, which accounts for about half of global consumption, Hansen believes the current transition to green energy can continue to hold steady despite an economic downturn.

“Silver’s use in the energy transition industry is unlikely to see major disruptions even in a recession. Silver is forecast to remain in short supply through 2025, marking the fifth consecutive year of shortages. Meanwhile, the growth of gold is also attracting investor attention to silver,” he said.

Source: https://baodaknong.vn/gia-bac-hom-nay-25-4-gia-bac-trong-nuoc-va-the-gioi-tiep-tuc-bat-tang-manh-250533.html