Silver price fluctuations 15.4: Increasing reversal but potential risk

Phương Anh (Theo Kitco) |

Silver price fluctuations 15.4: Silver price reversed but still facing risks from tariffs, the ability to import solar energy into the US continues to create pressure.

Domestic silver price

As of 10h05 on 15.4, the price of 999 silver at the Phu Quy Gemstone Gemstone Group listed at the threshold of 1,241 - 1,279 million VND/tael (bought - sold); an increase of VND 13,000/tael in both buying and selling directions compared to early morning.

Dien bien gia bac trong nuoc nhung phien gan day. Bieu do: Phuong Anh
Domestic silver prices have recent sessions. Chart: Phuong Anh

At the same time, the price of 999 silver silver at the golden gemstone group listed at the threshold of 1,241 - 1,279 million VND/tael (purchased - sold); an increase of VND 13,000/tael in both buying and selling directions compared to early morning.

Silver price of 999 (1kilo) at the Phu Quy Gemstone Gold and Silver Group listed at 33.093 - 34.106 million VND/kg (purchased - sold); Increasing 347,000 VND/kg in both buying and selling directions compared to early morning.

World silver price

On the world market, as of 10:10 am on April 15 (Vietnam time), the world silver price listed on GoldPrice.org at the threshold of 32.2 USD/ounce; increased by 0.23 USD compared to the morning.

Dien bien gia bac the gioi nhung phien gan day. Bieu do: Phuong Anh
World silver price movements recently. Chart: Phuong Anh

Causes and forecasts

Silver price has increased slightly in the last session. However, according to precious metal experts at Heraeus, silver prices have not really recovered and the import of solar energy into the US can continue to create pressure to reduce prices.

In the latest update on the precious metal market, experts believe that US President Donald Trump's tariff decisions, the application and postponement of taxes have made the financial market vibrant.

According to Heraus, many exporters of solar products into the US have been extended after President Donald Trump postpone the application of reciprocal tariffs, however, this instability continues to weaken the demand.

"Tariffs for importing solar panels into the US will have a big impact on the industry and reduce the demand for silver, because the higher import costs will reduce demand" - experts said.

Regarding price fluctuations, Heraeus pointed out that while the price of gold has reached a new high level, the price of silver did not keep up.

"The economic uncertainty is still large and with the higher tariff capability can be re -imposed within the next 90 days, the industrial factor of silver can continue to restrain the price of silver" - Heraus concluded.

See more news related to silver prices here ...

Phương Anh (Theo Kitco)
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Phương Anh |

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Silver price fluctuations 12.4: Soaring

Phương Anh |

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