Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,215,000 VND/tael (buy) and 1,253,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price is currently listed at 990,000 VND/tael (buy) and 1,035,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 992,000 VND/tael (buy) and 1,037,000 VND/tael (sell). World silver price is at 855,000 VND/ounce (buy) and 860,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 22, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell out | Buy | Sell out | ||
99.9 silver | 1 amount | 990,000 | 1,035,000 | 992,000 | 1,037,000 |
| 1 kg | 26,407,000 | 27,605,000 | 26,459,000 | 27,656,000 | |
| Silver 99.99 | 1 amount | 994,000 | 1,039,000 | 996,000 | 1,041,000 |
| 1 kg | 26,503,000 | 27,717,000 | 26,555,000 | 27,768,000 | |
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 22, 2024
Silver type | Unit/VND | Hanoi | |
Buy | Sell out | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,215,000 | 1,253,000 |
| Phu Quy 999 Silver Bar | 1 kg | 32,399,919 | 33,413,250 |
Latest update on world silver prices on October 22, 2024
| Unit | World silver price today (VND) | |
Buy | Sell out | |
| 1 Ounce | 855,000 | 860,000 |
| 1 finger | 103,126 | 103,736 |
| 1 amount | 1,031,000 | 1,037,000 |
| 1 kg | 27,500,000 | 27,663,000 |
While gold is still considered the traditional safe haven asset, silver has quietly emerged as a shining star in the precious metals market. With a growth of nearly 92% over the past five years, silver has outperformed its “brother” gold and attracted great attention from investors.
Silver prices could hit $50 an ounce in the future if the rally continues, according to trader Bob Loukas. With the US Federal Reserve (FED) easing monetary policy, interest rate cuts will increase the appeal of silver, especially when non-yielding assets like silver are preferred in the context of low interest rates.
Geopolitical factors have also contributed to the rise in silver prices. Tensions in the Middle East, coupled with global economic uncertainty, have fueled demand for safe havens, making silver a top choice for investors.
Industrial demand for silver is growing, especially in areas such as solar panel manufacturing, electric vehicles, and renewable energy technology. These industries are growing rapidly, driving demand for silver to meet technical and manufacturing requirements.
In addition, positive economic data from China – the world’s largest consumer of metals – has helped increase demand for silver in the global market. The European Central Bank has also cut interest rates three times this year to control inflation, creating a positive impact on silver prices.
Source: https://congthuong.vn/gia-bac-hom-nay-22102024-bac-duy-tri-trie-n-vong-tang-da-i-han-353835.html
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