Silver price today April 14: Decreased across the board

Domestic silver price

Today's silver price at Phu Quy Jewelry Group is currently listed at 1,232,000 VND/tael (buy) and 1,270,000 VND/tael (sell) in Hanoi , unchanged from yesterday's session.

Silver price in Hanoi in today's online session, April 14, reversed and decreased by 6,000 VND/tael for buying and selling, currently listed at 1,021,000 - 1,051,000 VND/tael.

Similarly, in Ho Chi Minh City, silver prices today, April 14, decreased by 7,000 VND/tael for buying and 6,000 VND/tael for selling compared to yesterday's session, April 13, currently listed at 1,022,000 - 1,053,000 VND/tael.

World silver price

In the world market, silver price turned down by 6,000 VND/ounce in both buying and selling directions. Currently, the international silver price is converted to 826,000 - 831,000 VND/ounce, equivalent to a transaction level of 32.27 USD/ounce, up 0.22% compared to the previous trading session on April 13.

At the end of last week, the global silver market increased sharply by 9.2% compared to the previous week, reaching a more than 1-week high in the context of increasing and unexpected changes in US-China tariff tensions.

According to currency and commodity analysts at FX Empire, the US consumer price index (CPI) unexpectedly fell 0.1% in March, bringing overall inflation down to 2.4% year-on-year in 2024, down from 2.8% in February.

This was lower than the forecast of 2.6%, suggesting that inflation is cooling faster than expected. Technical indicators show that the bullish trend in silver remains intact as long as prices remain above $30.50/ounce.

The core CPI, which excludes volatile food and energy prices, also fell to 2.8%, bolstering hopes that the Fed will begin cutting interest rates. In addition, the cooling inflation also contributed to lower production costs, creating positive sentiment for industrial goods.

Source: https://baodaknong.vn/gia-bac-hom-nay-14-4-dong-loat-giam-249300.html