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Commodities

Silver Prices Rebound in Vietnam, World Market Still Under Pressure

Guavy AI Editorial Team
Instruments
Oil Silver
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The price of silver has regained some momentum in Vietnam, increasing by 17,000 VND/tael on the buying side and 18,000 VND/tael on the selling side compared to yesterday morning. The price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at 2.227 - 2.294 million VND/tael.

The world silver price has also recovered slightly, up 0.30 USD/ounce compared to yesterday morning, but still faces pressure from the strengthening US dollar, rising US bond yields, and increasing oil prices.

According to precious metals analyst James Hyerczyk, a part of investors are buying silver when prices fall to the 65.67 USD/ounce range, helping to limit the downward trend, but this buying force is not strong enough to create a new upward trend.

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