According to analysts at CNBC, the reason that silver metal might appreciate strongly in 2023 is due to insufficient supply and silver tends to perform better than gold in times of high inflation.
According to experts, this metal might reach a price of 30 USD / ounce this year, the highest in 10 years since February 2013.
Ms. Janie Simpson – CEO of ABC Bullion – said: “Historically, silver has typically delivered gains of nearly 20% a year during periods of high inflation. Thanks to this return and cheaper prices compared to As for gold, it wouldn’t be surprising to see silver prices rise sharply this year, although it might face major resistance.”
Prior to that, in 1980, spot silver prices hit a record of $49.45 per ounce amid 13.5% inflation. However, in 1976, four years earlier, the price of this metal was only $4 an ounce when inflation was regarding 5.7%.
– In 2022, Vietnam spends 8.97 billion USD on petroleum imports
According to preliminary data of the General Department of Customs, in December 2022, the amount of imported petroleum products reached more than 944 thousand tons, with a turnover of 823 million USD, up 22.3% in volume and 10.9% in volume. turnover compared to the previous month.
In general, in 2022, the amount of imported petroleum products will reach 8.87 million tons with a turnover of 8.97 billion USD, up 27.7% in volume and 118.5% in turnover (respectively increasing in value). $4.86 billion) compared to 2021.
In which, imported diesel oil reached 4.74 million tons, up 1.5% and accounted for 54% of imported petrol and oil of the whole country.
Imported gasoline products reached 1.7 million tons, increased 2.3 times and accounted for 21%; imported jet fuel reached 1.46 million tons, increased 2.2 times and accounted for 16% of the country’s petroleum imports.
Petroleum of all kinds imported into Vietnam in 2022 are mainly from Korea with 3.22 million tons, up 96.3%; Singapore was 1.49 million tons, up 17.7%; while imports from Malaysia reached 1.42 million tons.
