Silver price today May 25: Reversal to increase

Domestic market

At Phu Quy Gold and Gemstone Group, Phu Quy silver price increased slightly, listed at 1,277,000 VND/tael (buy) and 1,316,000 VND/tael (sell) in Hanoi .

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices have increased in both buying and selling directions, currently listed at VND 1,065,000/tael (buy) and VND 1,095,000/tael (sell).

At Phu Quy Gold and Gemstone Group, Phu Quy silver price increased slightly, listed at 1,277,000 VND/tael (buy) and 1,316,000 VND/tael (sell) in Hanoi.

In Ho Chi Minh City, silver prices are currently on an upward trend at VND1,067,000/tael (buy) and VND1,101,000/tael (sell).

World silver prices increased in both buying and selling directions, currently at 869,000 VND/ounce (buy) and 875,000 VND/ounce (sell).

World market

Silver price listed on Goldprice.org is at 33.44 USD/ounce; up 0.32 USD compared to early this morning.

Silver prices were boosted by strength in gold and broader interest in safe havens, according to FX Empire.

"With safe-haven sentiment and gold in bullish mode, silver is still holding its upside momentum. However, the short-term trend of silver will depend a lot on today's closing price," said James Hyerczyk, market analyst at FX Empire.

The yield on the 30-year U.S. Treasury note rose to 5.02% on May 23, indicating investor concerns that the U.S. is issuing too much debt. However, the dollar index fell sharply for the week, losing 1.35%, its biggest weekly decline since April.

"The rise in yields but the weakening of the US dollar shows skepticism about the long-term attractiveness of US assets. In that context, safe-haven assets such as gold and silver are becoming the preferred choice," James Hyerczyk emphasized.

Source: https://baodaknong.vn/gia-bac-hom-nay-25-5-dao-chieu-tang-253563.html