Silver price today July 25: World silver price turns down

Profit-taking activity caused silver prices to suddenly reverse lower. However, the technical trend of silver remains positive.

Profit-taking activity caused silver prices to suddenly reverse lower. However, the technical trend of silver remains positive.

Silver price today at Phu Quy Jewelry Group, silver price turned down, listed at 1,487,000 VND/tael (buy) and 1,533,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi , domestic silver price decreased in both buying and selling directions, currently listed at 1,221,000 VND/tael (buy) and 1,255,000 VND/tael (sell).

In Ho Chi Minh City, silver prices also decreased, currently at 1,223,000 VND/tael (buy) and 1,260,000 VND/tael (sell).

In the world market, according to giabac.net, on the morning of July 25, the spot silver price was trading at 39.096 USD/ounce, down 0.206 USD/ounce compared to yesterday morning's trading session.

Previously, the listed silver price was at 39.07 USD/ounce; down 0.09 USD compared to the morning of July 24.

World silver price is equivalent to 1,021,000 VND/ounce (buy) and 1,027,000 VND/ounce (sell), down 6,000 VND/ounce (buy) and 5,000 VND/ounce (sell) compared to yesterday morning's trading session.

Silver prices unexpectedly reversed and fell. However, although profit-taking activity caused the rally to slow below the $40 threshold, the technical trend of silver is still considered positive.

"Silver is up 36% year-to-date, compared to gold's 31% gain. The gold-silver ratio has also narrowed from 105 to 87, reflecting silver's growing appeal as a cheaper leveraged option that is both rare and industrial," said market analyst James Hyerczyk.

The expert added that silver's rise was further boosted by news that President Donald Trump would impose a 50% tariff on imported copper from August 1.

"Although silver is not directly taxed, the market is concerned that the imposition of tariffs will disrupt the metal supply chain, especially in the US. This causes silver futures prices in the US to increase higher than international prices in London, leading to an increase in spot silver prices, contributing to strengthening investor optimism," said Mr. James Hyerczyk.

In addition, uncertainty from tariff policies also causes money to flow to silver as an alternative asset.

Meanwhile, rising industrial demand and a supply shortage extending into its fifth year are key factors supporting silver's rally.

Source: https://baolamdong.vn/gia-bac-hom-nay-25-7-gia-bac-the-gioi-quay-dau-giam-383620.html