Silver price today (November 18), world silver continues to lose momentum due to great pressure from the increase in the price of the USD.
Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,134,000 VND/tael (buy) and 1,169,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 943,000 VND/tael (buy) and 973,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 945,000 VND/tael (buy) and 975,000 VND/tael (sell). World silver price is at 768,000/ounce (buy) and 773,000/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 18, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 943,000 | 973,000 | 945,000 | 975,000 |
| 1 kg | 25,140,000 | 25,938,000 | 25,192,000 | 25,989,000 | |
| Silver 99.99 | 1 amount | 950,000 | 981,000 | 952,000 | 983,000 |
| 1 kg | 25,346,000 | 26,150,000 | 25,388,000 | 26,201,000 | |
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 18, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,134,000 | 1,169,000 |
| Phu Quy 999 Silver Bar | 1 kg | 30,239,924 | 31,173,255 |
Latest update on world silver prices on November 18, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 768,000 | 773,000 |
| 1 only | 92,592 | 93,204 |
| 1 amount | 926,000 | 932,000 |
| 1 kg | 24,691,000 | 24.85.4000 |
The main reason for the continued decline in silver prices is that the Dollar Index – a measure of the strength of the US dollar – has risen to its highest level in a year. This makes silver, which is priced in US dollars, more expensive for international investors, reducing demand in the market.
After a series of price declines, investors have increased their "bottom fishing" activities. However, the cautious sentiment in the face of major economic fluctuations has prevented the decline from being reversed.
Silver has a major industrial role, but weak demand in many major countries is weighing on prices. However, if there are supportive factors such as a weaker US dollar or increased demand from green industries, silver prices could find a way to recover.
Source: https://congthuong.vn/gia-bac-hom-nay-18112024-bac-noi-tiep-da-gia-m-359315.html
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