Silver price today June 3: Strong increase across the board

This morning, the world silver price increased sharply in both buying and selling directions. Domestically, brands also adjusted their prices to follow the increase in the world silver price.

Domestic silver price

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price increased, listed at 1,279,000 VND/tael (buy) and 1,319,000 VND/tael (sell) in Hanoi .

Also in Hanoi, according to a survey at other trading locations, domestic silver prices increased in both buying and selling directions, currently listed at VND1,065,000/tael (buy) and VND1,095,000/tael (sell), an increase of VND13,000/tael in both buying and selling directions compared to yesterday morning's trading session.

Similarly, in Ho Chi Minh City, silver prices also increased, currently at VND1,067,000/tael (buy) and VND1,100,000/tael (sell), up VND13,000/tael for buying and VND12,000/tael for selling compared to yesterday morning's trading session.

World silver price

In the world market, according to giabac.net, at 06:05:01 on the morning of June 3, the spot silver price was trading at 34,743 USD/ounce, an increase of 1,644 USD/ounce compared to yesterday morning's trading session.

Previously, the silver price listed on Goldprice.org was at 33.01 USD/ounce, slightly down from the 33.11 USD/ounce price of yesterday morning's trading session.

World silver prices increased sharply in both buying and selling directions, currently at 904,000 VND/ounce (buy) and 909,000 VND/ounce (sell), an increase of 40,000 VND/ounce in both buying and selling directions compared to yesterday morning's trading session.

Despite the lack of clear momentum to boost the market, silver still received support from concerns about the US financial situation and global industrial demand.

James Hyerczyk, market analyst at FX Empire, commented: "The market is looking forward to important economic data this week, such as the ISM manufacturing index and the US non-farm payrolls report.

Labor market numbers will be closely watched to assess inflation risks and the possibility of a change in Fed policy. In addition, speeches by some Fed officials may also affect expectations of interest rate cuts in the near future."

Silver still has support for now thanks to cooling inflation, positive trade outlook and unresolved financial concerns, the expert said.

Source: https://baodaknong.vn/gia-bac-hom-nay-3-6-dong-loat-tang-manh-254455.html