Domestic market
Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price reversed and decreased slightly, listed at 1,278,000 VND/tael (buy) and 1,318,000 VND/tael (sell) in Hanoi .
In addition, according to a survey at other trading locations in Hanoi, domestic silver prices decreased slightly in both buying and selling directions, currently listed at VND 1,055,000/tael (buy) and VND 1,085,000/tael (sell).
In Ho Chi Minh City, silver prices also decreased, currently at 1,057,000 VND/tael (buy) and 1,091,000 VND/tael (sell).
World silver prices decreased in both buying and selling directions, currently at 861,000 VND/ounce (buy) and 867,000 VND/ounce (sell).
World market
Silver price listed on Goldprice.org is at 33.06 USD/ounce; down 0.39 USD compared to yesterday's trading session.
Silver prices fell sharply as improved US-China trade sentiment and stronger economic data prompted investors to gradually withdraw from safe-haven assets, according to FX Empire.
US macro data released on Thursday showed weekly jobless claims hit 222,000, reflecting a continuing labor market recovery. Durable goods orders jumped 9.2% in March as transportation equipment surged 27% for the third straight year, easily beating the 2% forecast. This boosted the US dollar, putting further pressure on precious metals such as gold and silver.
However, Jim Wyckoff, senior analyst at Kitco, said: "Silver bulls may still hold the near-term technical advantage."
According to the expert, the next target for the bulls is to push the silver price above the important resistance level at $35.00/ounce. Conversely, the bears are aiming to push the price below the strong support level at $32.00/ounce.
Silver's first resistance level is at $33.69/ounce, followed by $34.00/ounce. Meanwhile, the current key support levels are at $33.00/ounce and $32.50/ounce.
Source: https://baodaknong.vn/gia-bac-hom-nay-27-4-quay-dau-sut-giam-250732.html
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