Silver Price Jumps Again in Vietnam Amid Global Market Volatility
The price of silver has increased again in Vietnam, with the Ancarat Gem Company listing it at 2.160 - 2.215 million VND per tael on July 25, a rise of 27,000 VND on the buying side and an increase of 27,000 VND on the selling side compared to yesterday morning.
The price of silver ingots at Ancarat Gem Company is listed at 56.806 - 58.566 million VND per kilogram, an increase of 700,000 VND on the buying side and an increase of 720,000 VND on the selling side compared to yesterday morning.
According to precious metals analyst Christopher Lewis, silver prices have been affected by geopolitical tensions, energy price fluctuations, and expectations about US monetary policy. He notes that interest rates in the US remain high, making the upward momentum of silver not really sustainable.