Today's silver price (November 18th): Global silver prices continue to lose momentum due to significant pressure from the appreciation of the US dollar.
Today's silver price at Phu Quy Gold Investment Joint Stock Company is listed at 1,134,000 VND/ounce (buying price) and 1,169,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, the current silver price is listed at 943,000 VND/ounce (buying price) and 973,000 VND/ounce (selling price). In Ho Chi Minh City, the listed silver price is higher, at 945,000 VND/ounce (buying price) and 975,000 VND/ounce (selling price). The world silver price is currently at 768,000 VND/ounce (buying price) and 773,000 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 November 18, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 943,000 | 973,000 | 945,000 | 975,000 |
| 1 kg | 25,140,000 | 25,938,000 | 25,192,000 | 25,989,000 | |
| 99.99% Silver | 1 tael | 950,000 | 981,000 | 952,000 | 983,000 |
| 1 kg | 25,346,000 | 26,150,000 | 25,388,000 | 26,201,000 | |
Updated silver price list from Phu Quy Gold Investment Joint Stock Company as of November 18, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,134,000 | 1,169,000 |
| 999 Gold Ingots | 1 kg | 30,239,924 | 31,173,255 |
Latest update on world silver prices as of November 18, 2024:
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 768,000 | 773,000 |
| 1 tael | 92,592 | 93,204 |
| 1 tael | 926,000 | 932,000 |
| 1 kg | 24,691,000 | 24.85.4000 |
The main reason for the continued decline in silver prices is the rise in the Dollar Index – a measure of the strength of the US dollar – to its highest level in a year. This makes silver, which is priced in USD, more expensive for international investors, reducing demand in the market.
Following a series of price declines, investors have increased their "bottom-buying" activity. However, cautious sentiment in the face of major economic fluctuations means the downward trend has yet to reverse.
Silver plays a significant role in industry, but weakening demand in many major countries is weighing on the metal's price. However, with supporting factors such as a weakening US dollar or increased demand from green industries, silver prices could regain momentum.
Source: https://congthuong.vn/gia-bac-hom-nay-18112024-bac-noi-tiep-da-gia-m-359315.html
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