World silver slightly down amid US election concerns

Silver prices today (October 28) continued to decrease slightly in major markets such as Hanoi and Ho Chi Minh City.

Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,247,000 VND/tael (buy) and 1,268,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 988,000 VND/tael (buy) and 1,033,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 990,000 VND/tael (buy) and 1,035,000 VND/tael (sell). World silver price is at 855,000/ounce (buy) and 861,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 28, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	988,000	1,033,000	990,000	1,035,000
	1 kg	26,354,000	27,552,000	26,406,000	27,603,000
Silver 99.99	1 amount	992,000	1,037,000	994,000	1,039,000
	1 kg	26,450,000	27,664,000	26,502,000	27,715,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 28, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,247,000	1,286,000
Phu Quy 999 Silver Bar	1 kg	33,253,250	34,293,248

Latest update on world silver prices on October 28, 2024:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	855,000	861,000
1 only	103,141	103,753
1 amount	1,031,000	1,038,000
1 kg	27,504,000	27,667,000

The last trading session of the week witnessed caution in the precious metals market. Although there were no strong fluctuations, macro factors continued to have a profound impact on investor sentiment.

Concerns about the upcoming US presidential election and tensions in the Middle East continue to weigh on investor sentiment, boosting demand for safe haven assets such as gold and silver. However, positive signals from the US economy are gradually reducing this role of precious metals.

These positive economic data have helped strengthen investors' confidence in the growth prospects of the US economy, thereby encouraging them to shift their money to riskier investment channels such as the stock market.

Experts say that in the short term, the metal market will continue to be influenced by macro factors such as geopolitical situations, central banks’ monetary policies and economic data. Investors need to closely monitor these developments to make appropriate investment decisions.

Source: https://congthuong.vn/gia-bac-hom-nay-28102024-bac-the-gioi-giam-nhe-giua-lo-ngai-bau-cu-my-355113.html