Silver prices continue to rise

Gold and silver prices are rallying, according to Kitco senior analyst Jim Wyckoff. Both precious metals continue to be sought after as safe-haven assets amid continued market uncertainty, largely due to U.S. trade and foreign policy.

Domestic silver price

Today's silver price in the domestic market was adjusted slightly up by Phu Quy Gold and Gemstone Group and listed at 1,285,000 VND/tael (buy) and 1,325,000 VND/tael (sell) in Hanoi.

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to increase slightly in both buying and selling directions, currently listed at VND 1,056,000/tael (buy) and VND 1,082,000/tael (sell).

In Ho Chi Minh City, silver prices are also on the rise, currently at VND1,058,000/tael (buy) and VND1,087,000/tael (sell).

World silver price

Silver price today on the world market reversed to increase, currently at 864,000 VND/ounce (buy) and 869,000 VND/ounce (sell).

In the world market, silver price is trading at 33.72 USD/ounce. According to the latest data, silver futures price for May increased by 0.775 USD, to 34.22 USD/ounce.

Gold and silver prices are rallying, according to Kitco senior analyst Jim Wyckoff. Both precious metals continue to be sought after as safe-haven assets amid continued market uncertainty, largely due to U.S. trade and foreign policy.

Technical charts also show a positive trend for gold and silver, which continues to attract buying from investors.

Silver futures speculators have the advantage in the short term, the expert said. According to the technical chart, silver has maintained a short-term uptrend for more than 3 months. Many investors and silver futures speculators currently have the advantage in the context of stable demand, limited supply and market sentiment leaning towards safe assets.

Source: https://baodaknong.vn/gia-bac-hom-nay-28-3-gia-bac-van-tiep-da-tang-247508.html