Silver price today 11-10: All increased, US has important announcement about silver

(NLDO) – Silver prices increased today in both domestic and international markets. The US has just added silver to the list of important minerals in 2025.

On the morning of November 10, world silver prices increased sharply as the new trading week opened, reaching 49 USD/ounce, up 1.6% compared to the end of last week.

Silver prices are still well off their October peak of $54.40 an ounce, but have rebounded significantly from a two-week low of $45.50 an ounce.

According to analysts, not only has this metal recovered in step with gold, it has also just been included in the US Geological Survey's (USGS) 2025 List of Important Minerals.

Silver is a precious metal in the international market but more than 60% of silver demand comes from industry.

Amid growing industrial demand for silver – adding it to the US list of critical minerals – could see the commodity face the threat of new tariffs from the country.

Responding to Kitco, Mr. Matthew Piggott, Director of Gold and Silver at Metals Focus, predicted that with this new development, silver prices could fluctuate strongly in the coming time.

World silver prices skyrocketed as trading opened

The increase in world silver prices also pushed up domestic silver prices. This morning, silver bar prices at Sacombank Gold and Gemstone Company (SBJ) were traded at around VND1.86 million/tael for buying and VND1.908 million/tael for selling, an increase of VND6,000 compared to the end of the week.

Phu Quy Group raised silver prices to higher levels, at VND1,879 million/tael and VND1,937 million/tael for buying and selling, respectively.

Other brands such as Ancarat and Golden Fun listed 1-tael silver bars at around 1,861 - 1,902 million VND/tael (selling price).

The domestic silver price is also much higher than the world silver price. Currently, the world silver price converted according to the listed exchange rate this morning is about 1.56 million VND/tael, about 19% lower than the domestic silver price.

Silver bar prices vary between domestic brands.

Source: https://nld.com.vn/gia-bac-hom-nay-10-11-dong-loat-tang-my-co-thong-bao-quan-trong-ve-bac-196251110083941389.htm