Silver falls sharply after US presidential election

Silver price today (November 7), the world silver market fell sharply after the tense US presidential election.

Today's silver price at Phu Quy Gold Investment Joint Stock Company, the listed silver price has been adjusted down sharply at 1,150,000 VND/tael (buy) and 1,186,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, the silver price is currently listed at 971,000 VND/tael (buy) and 997,000 VND/tael (sell). In Ho Chi Minh City, the listed silver price is higher, at 973,000 VND/tael (buy) and 999,000 VND/tael (sell). The world silver price is at 719,000/ounce (buy) and 797,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 7, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	971,000	997,000	973,000	999,000
	1 kg	25,883,000	26,581,000	25,935,000	26,632,000
Silver 99.99	1 amount	974,000	1,001,000	976,000	1,003,000
	1 kg	25,979,000	26,693,000	26,031,000	26,744,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 7, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,150,000	1,186,000
Phu Quy 999 Silver Bar	1 kg	30,666,590	31,626,588

Latest update on world silver prices on November 7, 2024:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	719,000	797,000
1 only	95,424	96,036
1 amount	954,000	960,000
1 kg	25,446,000	25,610,000

At the end of the trading session, for precious metals, silver prices dropped sharply by more than 1 million VND/kg after the US presidential election.

The highly anticipated US presidential election officially took place yesterday afternoon Vietnam time, and current polls are showing a tight race between Republican candidate Donald Trump and Democratic candidate Kamala Harris. The uncertainty that has engulfed the market has impacted the price of precious metals, which has also made investors cautious.

Source: https://congthuong.vn/gia-bac-hom-nay-7112024-bac-giam-manh-sau-cuoc-bau-cu-tong-thong-my-357197.html