Silver price today April 16: The increase has slowed down

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price continues to increase, listed at 1,244,000 VND/tael (buy) and 1,282,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continue to increase in both buying and selling directions, currently listed at 1,027,000 VND/tael (buy) and 1,057,000 VND/tael (sell).

In Ho Chi Minh City, silver prices are currently at VND1,029,000/tael (buy) and VND1,063,000/tael (sell), also up VND3,000/tael for both buying and selling compared to the previous session.

World silver prices increased in both buying and selling directions, currently at 838,000 VND/ounce (buy) and 843,000 VND/ounce (sell).

In the world market, the silver price listed on Goldprice.org is at 32.2 USD/ounce; up 0.23 USD.

Silver prices edged up slightly in the last trading session. However, according to precious metals experts at Heraeus, silver prices have yet to fully recover and solar imports into the US could continue to put downward pressure on prices.

In the latest update on the precious metals market, experts said that US President Donald Trump's tariff decisions, the application and suspension of tariffs back and forth have caused strong fluctuations in the financial markets.

“Tariffs on solar panel imports into the US would have a major impact on the industry and reduce demand for silver, as higher import costs would reduce demand,” experts said.

In terms of price action, Heraeus points out that while gold prices have hit new highs, silver prices have failed to keep up.

“Economic uncertainty remains high and with the possibility of higher tariffs being reimposed within the next 90 days, silver’s industrial base could continue to weigh on silver prices,” Heraeus concluded.

Source: https://baodaknong.vn/gia-bac-hom-nay-16-4-da-tang-chung-lai-249533.html