Domestic silver price
As of 9:20 am on April 13, the price of 999 silver at the Phu Quy Gemstone Gemstone Group listed at the threshold of 1,232 - 1,270 million VND/tael (purchased - sold); Keep both directions and sell it compared to early morning.
In the trading session last week (morning of April 6, 2025), the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND 1.183 - 1.220 million/tael (buy - sell).
Thus, if buying 999 silver at the rich and silver gemstone corporation on 6.4 and sold on this morning (13.4), the buyer only earns 12,000 VND/tael.
At the same time, the price of 999 silver silver at the golden gemstone group listed at the threshold of 1.232 - 1,270 million VND/tael (purchased - sold); Keep both directions and sell it compared to early morning.
Silver price of 999 (1kilo) at Phu Quy Gemstone Gold and Silver Group listed at 32,853 - 33,866 million VND/kg (purchased - sold); Keep both directions and sell it compared to early morning.
World silver price
In the world market, as of 9:25 a.m. on April 13 (Vietnam time), the world silver price listed on Goldprice.org was at 32.26 USD/ounce.
Causes and forecasts
According to Kitco, silver price is growing stably. Safe shelter still maintains when global stock markets are still unstable and the US bond market shows signs of weakness. This continues to promote the price of this precious metal. Silver price in May is currently increasing by US $ 0.691, reaching 31.45 USD/ounce.
This week, a new concern is silently appearing on the market, which is American Treasury bonds.
Kitco's Jim Wyckoff expert said that the speculators on Silver in May are currently taking technical advantages in the short term. This week's price movements show that the price offered weaker, maybe the price was short -term.
The next price target of the silver -price increase is to close at the threshold of 33.00 USD/ounce. While the targeting sides closed below 29.50 USD/ounce.
The first resistance is at 31.75 USD/ounce, then 32.00 USD/ounce. The next support level is 30,865 USD/ounce and 30.51 USD/ounce.
Economic data to watch next week:
Tuesday (April 15): Announcement of Empire State Production Survey.
Fourth (16.4): The Central Bank of Canada announced a decision on monetary policy. On the same day, President of the US Federal Reserve (Fed) Jerome Powell will have a speech at the Chicago Economic Club.
Thursday (April 17): European Central Bank (ECB) meeting to discuss policies. The United States announced the number of weekly unemployment benefits, new construction data and construction permits, along with production survey results from Fed Philadelphia.
See more news related to silver prices HERE...
