Silver Price Recovers After Selling Pressure Subsides, Awaits Fed Decision
The silver price saw fluctuations last week, but recovered after selling pressure subsided. The trend for next week still depends on the Fed meeting.
In Vietnam, as of July 26, the price of 999 silver at DOJI Jewelry Group Joint Stock Company was listed at 2.163 - 2.235 million VND/tael (buying - selling), with an increase of 43,000 VND/tael on the buying side and an increase of 44,000 VND/tael on the selling side compared to a week ago.
The price of 999 silver bars at Phu Quy Jewelry Group was also listed at 2.168 - 2.235 million VND/tael (buying - selling), with an increase of 43,000 VND/tael on the buying side and an increase of 44,000 VND/tael on the selling side compared to a week ago.
On the world market, as of July 26, the world silver price was listed at 58.06 USD/ounce, with an increase of 2.24 USD/ounce compared to a week ago.