Silver recovers from two-month low

Silver price today (November 21), silver price continued to recover from the 2-month low when it increased slightly by 0.12% to over 31 USD/ounce.

Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed and adjusted to increase at 1,155,000 VND/tael (buy) and 1,191,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 970,000 VND/tael (buy) and 999,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 971,000 VND/tael (buy) and 1,001,000 VND/tael (sell). World silver price is at 795,000/ounce (buy) and 800,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 21, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	970,000	999,000	971,000	1,001,000
	1 kg	25,854,000	26,652,000	25,906,000	26,703,000
Silver 99.99	1 amount	977,000	1,007,000	979,000	1,009,000
	1 kg	26,060,000	26,864,000	26,102,000	26,915,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 21, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,155,000	1,191,000
Phu Quy 999 Silver Bar	1 kg	30,799,923	31,759,921

Latest update on world silver prices on November 21, 2024:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	788,000	793,000
1 only	94,966	95,579
1 amount	950,000	956,000
1 kg	25,324,000	25,488,000

Green dominated the metal price chart, however, most items recorded a limited increase, not exceeding 1%. For precious metals, silver prices continued to recover from a 2-month low when they increased slightly by 0.12% to over 31 USD/ounce.

Precious metals continued to find support as the dollar’s ​​rally slowed, helping the market stabilize. The Dollar Index, a gauge of the greenback’s strength against a basket of six major currencies, continued to weaken from a one-year high, closing above 106, marking its third straight session of decline. Silver rebounded from a two-month low.

In addition, concerns about escalating Russia-Ukraine tensions have also made precious metals, a safe-haven asset, more attractive, thereby supporting the prices of silver and platinum. Specifically, after months of pressure, the Biden administration announced over the weekend that Ukraine could use long-range missiles produced by Washington to carry out attacks targeting Russian territory.

Source: https://congthuong.vn/gia-bac-hom-nay-21112024-bac-phuc-hoi-tu-muc-day-trong-vong-hai-thang-359907.html