Silver Price Surges Past 60 Million VND/kg Amid Improved Investor Sentiment
The silver price closed on July 27 at 60 million VND/kg, regaining its previous threshold. According to Laodong.vn, this increase is a positive trend in the short term, driven by supporting factors for precious metals.
As of 6:15 PM on July 27, world silver prices were listed at $59.11/ounce, up $1.08/ounce compared to the previous day. The upward momentum in the first trading session of the week shows that investor sentiment has improved with tensions between the US and Iran temporarily cooling down.
The weakening USD and falling bond yields are making non-performing assets such as gold and silver more attractive. However, the increase in silver may not be sustainable as the market waits for the Fed's policy meeting, which could impact interest rates and put pressure on precious metals.