World silver maintains 0.6% increase

Silver prices recovered today after many consecutive sessions of decline. Silver prices are listed at 944,000 VND/tael for buying and 971,000 VND/tael for selling in Hanoi. Silver prices in Ho Chi Minh City are listed higher at 946,000 VND/tael for buying and 973,000 VND/tael for selling. World silver prices are at 791,000 VND/ounce for buying and 796,000 VND/ounce for selling.

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 18, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell ​​out	Buy	Sell ​​out
99.9 silver	1 amount	944,000	971,000	946,000	973,000
	1 kg	25,185,000	25,883,000	25,237,000	25,934,000
Silver 99.99	1 amount	948,000	975,000	950,000	977,000
	1 kg	25,281,000	25,995,000	25,333,000	26,046,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 18, 2024

Silver type	Unit/VND	Hanoi
		Buy	Sell ​​out
Silver bars, Phu Quy 999 silver bars	1 amount	1,127.00	1,162,000
Phu Quy 999 Silver Bar	1 kg	30,053,258	30,986,589

Latest update on world silver prices on October 18, 2024

Unit	World silver price today (VND)
	Buy	Sell ​​out
1 Ounce	791,000	796,000
1 finger	95,389	95,993
1 amount	954,000	960,000
1 kg	25,437,000	25,598,000

Green gradually returned to the metal price chart yesterday with 6/10 items increasing in price, after two consecutive previous sessions of decline. In the precious metals group, silver and platinum prices both increased by about 0.6%, closing at 31.97 USD/ounce and 1,002.6 USD/ounce, respectively.

The precious metals group did not have any major fluctuations in yesterday's session due to the temporary lack of new economic data in the market. In addition, mixed signals from fundamental information also caused the prices of silver and platinum to move sideways recently.

In addition to the US Federal Reserve (FED) interest rate developments, investors' attention is also gradually shifting to the upcoming important election in the US. Increased uncertainty before the next President is announced could boost demand for precious metals as a risk-hedging tool, thereby limiting the possibility of a sharp decline in silver and platinum prices.

Source: https://congthuong.vn/gia-bac-hom-nay-18102024-bac-the-gioi-duy-tri-da-tang-06-353072.html