Silver price today April 29: Silver declines

Domestic silver price

Recorded at 05:30 am on April 29, Phu Quy Gold and Gemstone Group ( Hanoi ) listed Phu Quy silver price at 1,265,000 VND/tael (buy) and 1,304,000 VND/tael (sell), slightly down compared to the first trading session of the week.

Also in Hanoi, at other trading locations in Hanoi, silver prices are currently listed at VND1,050,000/tael (buy) and VND1,080,000/tael (sell), down both buying and selling prices compared to the previous session.

In Ho Chi Minh City, silver price is currently at 1,052,000 VND/tael (buy) and 1,086,000 VND/tael (sell).

Latest information on silver prices in Hanoi and Ho Chi Minh City on April 29, 2025:

World silver price

In the world market, according to giabac.net, at 05:37:24 on the morning of April 29, the spot silver price stopped at 33,144 USD/ounce.

Previously, the silver price listed on Goldprice.org was at 32.69 USD/ounce; down 0.37 USD compared to the previous session. Currently, it is at 862,000 VND/ounce (buy) and 867,000 VND/ounce (sell).

Muhammad Umair, financial expert at FX Empire, commented that silver prices are being greatly affected by market changes but are holding up better than gold.

In the long term, James Hyerczyk, market analyst at FX Empire, assessed that silver's appeal will increase as supply in the market becomes increasingly scarce.

"According to the Silver Institute's latest forecast for 2025, silver will be short about 117 million ounces, marking the fifth consecutive year of supply falling short of demand," he said.

According to James Hyerczyk, the prolonged undersupply, especially due to high demand from green energy projects, will help to firmly support silver prices. Silver reserves are expected to continue to decrease, creating a stable foundation for silver prices even when the market is volatile./.

Source: https://baodaknong.vn/gia-bac-hom-nay-29-4-bac-suy-giam-250945.html