There is a slight downward trend.

Overview of silver price today 12/13/2024

Today's silver price at Phu Quy Jewelry Group remains stable at VND1,177,000/tael (buy) and VND1,213,000/tael (sell) in Hanoi . Meanwhile, at other transaction points in Hanoi, silver prices have decreased and are currently listed at VND952,000/tael (buy) and VND986,000/tael (sell). In Ho Chi Minh City, silver prices also tend to decrease, currently at VND954,000/tael (buy) and VND988,000/tael (sell). In the international market, silver prices have decreased slightly, at VND787,000/ounce (buy) and VND792,000/ounce (sell).

Update on silver price on December 13 in two major markets Hanoi and Ho Chi Minh City

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	952,000	986,000	954,000	988,000
	1 kg	25,394,000	26,292,000	25,446,000	26,343,000
Silver 99.99	1 amount	960,000	994,000	962,000	996,000
	1 kg	25,600,000	26,504,000	25,642,000	26,555,000

Update silver price list 12/13 of Phu Quy Gold Investment Joint Stock Company

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,177,000	1,213,000
Phu Quy 999 Silver Bar	1 kg	31,386,588	32,346,586

Update world silver price list on December 13, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	787,000	792,000
1 only	94,841	95,453
1 amount	948,000	955,000
1 kg	25,291,000	25,454,000

The silver market has been a mixed bag over the past week, with prices trading within a narrow range. Despite being supported by a weaker US dollar at the start of the week, which pushed silver to its highest level in a month, silver prices fell sharply by the end of the week.

Meanwhile, prices of other commodities also benefited when the US released inflation data as expected, increasing the possibility that the US Federal Reserve (FED) will cut interest rates next week.

Specifically, according to data released yesterday (December 11) by the Bureau of Labor Statistics of the US Department of Labor, the consumer price index (CPI) in November increased 0.3% compared to the previous month and increased 2.7% compared to the same period last year. Both figures are in line with market forecasts. Notably, the cost of renting a house, one of the most rigid factors of inflation, increased at the slowest rate in nearly three and a half years.

With inflation rising as expected, expectations for a Fed rate cut at this month’s meeting have been reinforced. The probability of a 25 basis point rate cut next week has risen to 95%, up from about 85% before the inflation report was released, according to the CME Group’s FedWatch tool. This is expected to be the third rate cut by the Fed this year. These optimistic expectations have continued to push investment flows into the interest-rate-sensitive precious metals group.

Source: https://baodaknong.vn/gia-bac-hom-nay-12-12-2024-co-xu-huong-giam-nhe-236785.html