Silver price today April 28: Stable market

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price remains unchanged, 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 are stable 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 follow the same trend, currently at VND 1,057,000/tael (buy) and VND 1,091,000/tael (sell).

World silver prices maintain the old price for both buying and selling, currently at 861,000 VND/ounce (buy) and 867,000 VND/ounce (sell).

In the world market, the silver price listed on Goldprice.org is at 33.06 USD/ounce; unchanged from yesterday.

Silver prices are showing signs of slowing down after a recent surge, according to FX Empire. Traders are closely watching key technical levels to see if prices could reverse in the short term.

"Investors are turning to risky assets, no longer interested in safe assets like silver. In the long term, if the economy is stable, silver will still be widely used in industry. Currently, the demand for silver as a safe haven has decreased, causing silver prices to fall," said James Hyerczyk, market analyst at FX Empire.

In other financial markets, the US dollar index rose slightly by 0.3% last week, adding to the downward pressure on silver. When the US dollar strengthens, dollar-denominated commodities such as silver become more expensive for foreign buyers, reducing demand.

Source: https://baodaknong.vn/gia-bac-hom-nay-28-4-thi-truong-on-dinh-250853.html