Silver price today 5/28/2025: Silver price reversed and decreased slightly

Survey at 07:30 today, May 28, 2025 on giabac.net shows that domestic and world silver prices simultaneously reversed and decreased slightly.

In Hanoi and Ho Chi Minh City, silver prices decreased by 5,000 VND/tael for buying and selling.

At Phu Quy Gold and Gemstone Group, the listed silver price was at 1,260,000 - 1,299,000 VND/tael at 7:30 a.m. on May 28, 2025. Compared to yesterday, the silver price here decreased by 11,000 VND/tael in both buying and selling directions.

In Hanoi, the silver price in the online session on the morning of May 28 slightly decreased by VND 5,000/tael for buying and selling compared to the session on May 27, fluctuating between VND 1,065,000 - 1,095,000/tael.

In Ho Chi Minh City, silver prices reversed and decreased slightly by 5,000 VND/tael in both buying and selling prices, listed at 1,066,000 - 1,097,000 VND/tael.

World silver price slightly decreased by 4,000 VND/ounce, listed at 863,000 - 868,000 VND/ounce, equivalent to about 33.49 USD/ounce, down 0.15% compared to the session on May 27.

The main reason for the decline was the weakening of safe-haven demand as trade tensions between the US and the EU eased. President Trump postponed imposing a 50% tariff on EU goods. This decision reduced uncertainty, causing safe-haven assets such as silver to be sold.

The dollar also rebounded as the US and EU stepped up efforts to reach a trade deal. According to Reuters, European officials are asking domestic companies to disclose their investment plans in the US market, which further increases expectations of a possible deal.

Analysts from Commerzbank said the dollar's recovery was a delayed reaction to Trump's announcement of a tariff delay over the weekend, and that the impact would only be felt when major markets like the UK reopened.

Source: https://baoquangnam.vn/gia-bac-hom-nay-28-5-2025-gia-bac-dong-loat-dao-chieu-giam-nhe-3155632.html