Silver falls under pressure from the US dollar.

Today's silver price (December 9th): Domestic and international silver prices continue to decline over the past two sessions.

Today's silver price at Phu Quy Gold, Silver and Gemstone Group saw a slight decrease, reaching 1,137,000 VND/ounce (buying price) and 1,172,000 VND/ounce (selling price) in Hanoi. Additionally, surveys at other trading locations in Hanoi show a downward trend, currently listed at 950,000 VND/ounce (buying price) and 984,000 VND/ounce (selling price). In Ho Chi Minh City, the price also decreased to 952,000 VND/ounce (buying price) and 986,000 VND/ounce (selling price). World silver prices also fell to 787,000 VND/ounce (buying price) and 792,000 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 9, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	950,000	984,000	952,000	986,000
	1 kg	25,336,000	26,234,000	25,388,000	26,285,000
99.99% Silver	1 tael	958,000	992,000	959,000	994,000
	1 kg	25,542,000	26,446,000	25,584,000	26,497,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on December 9, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,137,000	1,172,000
999 Gold Ingots	1 kg	30,319,924	31,253,255

Latest update on world silver prices as of December 9, 2024:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	787,000	792,000
1 tael	94,830	95,442
1 tael	948,000	954,000
1 kg	25,288,000	25,451,000

The silver market was relatively quiet last week, with prices fluctuating within a narrow range. Despite being supported by the decline in the US dollar at the beginning of the week, silver prices quickly reversed course and fell sharply in the final trading session, dropping by more than 1%.

The main reason for this volatility is the conflicting signals from the US labor market. Specifically, the Non-farm Payroll data released at the end of the week showed positive signs in the US labor market. The number of jobs created in November was higher than expected, and average earnings also increased. This information helped strengthen the US dollar, putting pressure on the price of silver and other precious metals.

The volatility of silver prices has impacted investors and businesses related to the precious metals industry. Investors need to closely monitor market developments to make appropriate investment decisions.

In the coming period, silver prices may continue to be pressured by the movements of the US dollar and macroeconomic data. Investors should closely monitor these factors to make effective investment decisions.

Source: https://congthuong.vn/gia-bac-hom-nay-9122024-bac-gia-m-truc-ap-luc-cu-a-do-ng-usd-363209.html