Domestic silver price
As of 9:30 a.m. on March 18, the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND1.273 - 1.312 million/tael (buy - sell); an increase of VND2,000/tael for both buying and selling compared to early this morning.
At the same time, the price of 999 taels of silver at Phu Quy Jewelry Group was listed at 1.273 - 1.312 million VND/tael (buy - sell); an increase of 2,000 VND/tael for both buying and selling compared to early this morning.
World silver price
On the world market, as of 9:45 a.m. on March 18 (Vietnam time), the world silver price listed on Goldprice.org was at 33.88 USD/ounce; up 0.32% compared to the previous trading session.
Causes and predictions
According to FXStreet, silver prices continue to receive support from safe-haven demand as geopolitical tensions increase.
However, the increase in silver may be limited due to concerns about an escalating trade war, with tariffs between the US and major partners, which have also increased the appeal of silver as a safe haven.
Investors are now awaiting a series of central bank policy meetings this weekend, including the decision of the US Federal Reserve (FED), which is expected to keep interest rates unchanged amid economic policy uncertainty under President Donald Trump.
Important economic data this week:
Tuesday: Housing started construction and construction permit in the US, monetary policy decision of the Bank of Japan
Wednesday: Fed monetary policy decision
Thursday: Swiss National Bank and Bank of England monetary policy decision, weekly jobless claims in the US, Philly Fed manufacturing survey, existing home sales in the US.
See more news related to silver prices HERE...
