Domestic silver price
At 5:30 a.m. on May 27, Phu Quy Gold and Gemstone Group ( Hanoi ) listed the price of Phu Quy silver at VND 1,271,000/tael (buy) and VND 1,310,000/tael (sell), an increase of VND 11,000/tael for both buying and selling compared to yesterday morning's trading session.
Also in Hanoi, according to a survey at other trading locations, domestic silver prices decreased in both buying and selling directions, currently listed at VND1,062,000/tael (buy) and VND1,092,000/tael (sell), an increase of VND10,000/tael in both buying and selling directions compared to yesterday morning's trading session.
Similarly, in Ho Chi Minh City, silver prices also decreased, currently listed at 1,064,000 VND/tael (buy) and 1,097,000 VND/tael (sell), up 10,000 VND/tael for both buying and selling compared to yesterday morning's trading session.
World silver price
In the world market, according to giabac.net, at 06:42:48 on the morning of May 29, the spot silver price was trading at 32.792 USD/ounce, up 0.521 USD/ounce compared to yesterday morning's trading session.
Previously, the silver price listed on Goldprice.org was at 33.29 USD/ounce, down from 33.39 USD/ounce in yesterday morning's trading session.
The 0.3% rise in the dollar index weighed on assets priced in the greenback, making silver more expensive for international buyers and dampening demand.
James Hyerczyk, market analyst at FX Empire, commented: "The driving force for the USD's increase comes from US President Donald Trump's softer stance on tariffs with Europe. Thereby supporting the stock market and reducing the attractiveness of safe-haven assets such as gold and silver."
The market is now awaiting comments from Federal Reserve officials and the upcoming core PCE inflation report, the expert said. Investors now expect the Fed to cut interest rates by a total of 47 basis points by the end of the year, with the first cut likely in October.
"If inflation data is lower than expected or the Fed's statements are dovish, the market could see buying return to the precious metals group," said James Hyerczyk.
Source: https://baodaknong.vn/gia-bac-hom-nay-29-5-gia-bac-dut-da-giam-253941.html
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