Silver fell sharply by more than 4%.

Today's silver price (December 14th): The precious metals market is facing a major storm as the price of silver has fallen sharply by more than 4%.

Today's silver prices at Phu Quy Gold, Silver and Gemstone Group saw a sharp decrease, reaching 1,123,000 VND/ounce (buying price) and 1,158,000 VND/ounce (selling price) in Hanoi. Additionally, surveys at other trading locations in Hanoi show a downward adjustment, currently listed at 949,000 VND/ounce (buying price) and 983,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices also decreased, reaching 951,000 VND/ounce (buying price) and 984,000 VND/ounce (selling price). World silver prices also saw a slight decrease, currently trading at 784,000 VND/ounce (buying price) and 789,000 VND/ounce (selling price).

Here is the latest information on today's silver prices in the two largest markets , Hanoi and Ho Chi Minh City, on December 14, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	949,000	983,000	951,000	984,000
	1 kg	25,303,000	26,201,000	25,355,000	26,252,000
99.99% Silver	1 tael	957,000	990,000	958,000	992,000
	1 kg	25,509,000	26,413,000	25,551,000	26,464,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on December 14, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,123,000	1,158,000
999 Gold Ingots	1 kg	29,946,592	30,879,923

Latest update on world silver prices as of December 14, 2024:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	784,000	789,000
1 tael	94,466	95,079
1 tael	945,000	951,000
1 kg	25,191,000	25,354,000

The market focused on the metals sector as most commodities closed in the red, leading the overall market trend. Among precious metals, silver fell more than 4% to $31.62 per ounce.

Precious metal prices came under significant pressure after the US released inflation figures that exceeded forecasts. According to the latest data from the Bureau of Labor Statistics of the US Department of Labor, the Producer Price Index (PPI) in November rose 3.4% year-on-year, 0.2 percentage points higher than the market's previous forecast.

Compared to the previous month, the PPI index increased by 0.4% in November, the highest level since June this year, indicating that inflationary pressure is returning to manufacturing sectors. Previously, data also recorded the Consumer Price Index (CPI) rising to its highest level in the past seven months. Pessimistic sentiment pervading the market has drawn capital away from precious metals, causing silver and platinum prices to reverse and fall.

Source: https://congthuong.vn/gia-bac-hom-nay-14122024-bac-gia-m-manh-hon-4-364164.html