Silver price today June 6: Continue to increase

Silver price today recorded, domestic and world silver prices continued to increase for the second consecutive session.

Domestic market

At Phu Quy Gold and Gemstone Group, Phu Quy silver price is stable, listed at 1,302,000 VND/tael (buy) and 1,342,000 VND/tael (sell) in Hanoi .

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices increased in both buying and selling directions, currently listed at VND 1,097,000/tael (buy) and VND 1,127,000/tael (sell).

At Phu Quy Gold and Gemstone Group, Phu Quy silver price is stable, listed at 1,302,000 VND/tael (buy) and 1,342,000 VND/tael (sell) in Hanoi.

In Ho Chi Minh City, silver prices are also on the rise, currently at VND1,099,000/tael (buy) and VND1,132,000/tael (sell).

World silver prices increased in both buying and selling directions, currently at 905,000 VND/ounce (buy) and 910,000 VND/ounce (sell).

World market

In the world market, silver prices edged up 0.04% to $34.65/ounce. Silver prices were supported by the US dollar and weak US economic data while concerns about global economic and geopolitical instability remained.

At the close of trading on June 5, the Dollar Index (DXY) fell 0.44% while the yield on 10-year US government bonds also decreased.

In addition, the ADP National Employment Report for May showed that the US private sector added only 37,000 jobs, much lower than the expectation of 110,000 jobs and a significant decrease from the 60,000 jobs in April. Data from the Institute for Supply Management (ISM) also showed that the non-manufacturing purchasing managers' index (PMI) fell to 49.9 points in May, the first time it fell below the 50-point threshold since June 2024 and lower than the 51.6 points in April. This reflects signs of a slowdown in US manufacturing activity and a slowing pace of production expansion.

Source: https://baodaknong.vn/gia-bac-hom-nay-6-6-tiep-da-tang-254778.html