Domestic silver price
As of 9:00 a.m. on April 5, the price of 999 silver bars at Phu Quy Jewelry Group was listed at VND1.183 - 1.220 million/tael (buy - sell); down VND41,000/tael for buying and down VND42,000/tael for 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 VND 1.183 - 1,220 million/tael (buy - sell); down VND 41,000/tael for buying and down VND 42,000/tael for selling compared to early this morning.
World silver price
On the world market, as of 9:10 a.m. on April 5 (Vietnam time), the world silver price listed on Goldprice.org was at 29.53 USD/ounce; down 7.14% compared to yesterday's trading session.
Causes and predictions
According to FXStreet, silver prices have fallen sharply after US President Donald Trump announced a detailed counterpart tariffs plan for trading partners. This makes many traders happy.
Previously, in recent months, silver has had strong growth like gold, as investors believe that Trump's tax policies will lead to inflation and affect global economic growth.
In addition, concerns about increased demand for silver from industries have also caused silver prices to fall sharply.
On April 2, US President Donald Trump announced a 34% import tax rate on China. The tax increase is expected to reduce the strength of the Chinese manufacturing industry. At that time, demand for silver from Chinese companies will decrease, as silver is used in many industries such as electric vehicles, electronics and solar energy.
See more news related to silver prices HERE...
