Silver price today April 13: Continue to increase

Domestic market

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price continues to increase, listed at 1,232,000 VND/tael (buy) and 1,270,000 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 1,019,000/tael (buy) and VND 1,049,000/tael (sell).

Silver prices today recorded that world silver prices and domestic silver prices continued to skyrocket thanks to money flowing into safe haven channels.

In Ho Chi Minh City, silver prices are also on the rise, currently at VND1,021,000/tael (buy) and VND1,055,000/tael (sell).

World silver prices increased in both buying and selling directions, currently at 832,000 VND/ounce (buy) and 837,000 VND/ounce (sell).

World market

In the world market, the silver price listed on Goldprice.org is at 32.26 USD/ounce; up 4.85% compared to yesterday's trading session.

Silver prices continue to rise along with gold, according to FXEmpire. The white precious metal is benefiting from safe-haven flows and expectations of improved industrial demand.

The US consumer price index (CPI) unexpectedly fell 0.1% in March, with overall inflation falling to 2.4% year-on-year, down from 2.8% in February. This was lower than the forecast of 2.6%, suggesting inflation is cooling faster than expected, said Arslan Ali, currency and commodities analyst at FX Empire.

"Technical indicators show that the silver price uptrend remains firm, as long as the price remains above the $30.50/ounce threshold," said Arslan Ali.

The core CPI, which excludes volatile food and energy prices, also fell to 2.8%, reinforcing expectations that the Federal Reserve will move to cut interest rates. The cooling inflation also helps reduce production costs, creating positive sentiment for industrial goods.

Source: https://baodaknong.vn/gia-bac-hom-nay-13-4-tiep-da-tang-249212.html