At noon on November 26, the world silver price was traded at 52.05 USD/ounce, up 1.24% compared to the previous session. This is a strong increase in the price of silver in recent days. The price of silver has increased in line with gold and is at its highest level in the past 2 weeks.
According to analysts, silver prices are benefiting from the cooling of the USD, the US Federal Reserve (FED) may further reduce interest rates next December, and the USD will weaken further.
Domestic silver prices also increased sharply early this afternoon.
At Sacombank Gold and Gemstone Company (SBJ), silver bars are listed at 1,986 million VND/tael for buying and 2,037 million VND/tael for selling, an increase of 39,000 VND/tael compared to yesterday.
Silver prices have increased sharply in recent days.
Phu Quy Group listed the buying price of silver bars at 1.989 million VND/tael and selling price at 2.051 million VND/tael. Particularly, 1 kg Phu Quy silver is being traded at around 53.2 million VND/tael for buying and 54.8 million VND/tael for selling.
Over the past week, silver prices have increased by more than 8% but are still far below the record peak of over VND2.14 million/tael.
Currently, the world silver price converted according to this morning's exchange rate is about 1.65 million VND/tael, significantly lower than the domestic price.
Source: https://nld.com.vn/bat-ngo-voi-gia-bac-hom-nay-26-11-196251126134108864.htm
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