Silver reversed course and fell 0.82%.

Today's silver price (November 22) reversed its upward trend, falling 0.82% after the previous day's increase, due to the impact of the US dollar.

Today's silver price at Phu Quy Gold Investment Joint Stock Company remains stable at 1,155,000 VND/ounce (buying price) and 1,191,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the current silver price is listed at 968,000 VND/ounce (buying price) and 998,000 VND/ounce (selling price). In Ho Chi Minh City, the listed silver price is higher, at 970,000 VND/ounce (buying price) and 1,000,000 VND/ounce (selling price). The world silver price is currently at 794,000 VND/ounce (buying price) and 799,000 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 22, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	968,000	998,000	970,000	1,000,000
	1 kg	25,806,000	26,604,000	25,858,000	26,655,000
99.99% Silver	1 tael	975,000	1,006,000	977,000	1,008,000
	1 kg	26,012,000	26,816,000	26,054,000	26,867,000

Updated silver price list from Phu Quy Gold Investment Joint Stock Company on November 22, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,155,000	1,191,000
999 Gold Ingots	1 kg	30,799,923	31,759,921

Latest update on world silver prices on November 22, 2024:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	794,000	799,000
1 tael	95,681	96,294
1 tael	957,000	963,000
1 kg	25,515,000	25,678,000

The metals market was relatively mixed yesterday. For precious metals, both silver and platinum prices fell again due to pressure from the US dollar. Specifically, silver prices dropped 0.82% to $31 per ounce.

However, the strengthening US dollar has put significant pressure on precious metal prices, overshadowing its safe-haven role. The Dollar Index recovered after three consecutive days of declines and returned to its highest level in a year, closing up 0.45% at 106.68 points. Investors continued to flock to buy the greenback in the "Trump trade" wave and due to concerns that the Federal Reserve (FED) may keep interest rates high for longer. The CME Group's FedWatch interest rate tracker shows that market expectations of a rate cut in December have decreased significantly, with the odds now at 55.7%, down from 82.5% just a week ago.

Source: https://congthuong.vn/gia-bac-hom-nay-22112024-bac-quay-da-u-gia-m-082-360121.html