Silver price today 11-11: Very strong increase, Phu Quy silver surpasses 2 million VND/tael

On the morning of November 11, the price of silver bars at Sacombank Gold and Gemstone Company (SBJ) was traded at around 1.929 million VND/tael for buying and 1.977 million VND/tael for selling, an increase of nearly 70,000 VND compared to yesterday.

Phu Quy Group raised silver prices to higher levels, respectively VND1,941 million/tael for buying and VND2,001 million/tael for selling.

Some other brands such as Ancarat and Golden Fun also pushed silver prices to over 2 million VND/tael.

This company listed 1-tael Golden Fun silver for buying at 1,944 million VND and selling at 2,004 million VND.

Domestic silver prices have skyrocketed to their highest level in many days, following the strong upward trend of world prices, helping silver investors reduce losses when buying at peak prices.

In the international market, silver price today is traded at 50.62 USD/ounce, up 0.37% compared to last weekend.

In just 2 days of strong increase, silver price is recovering in sync with gold, reaching the highest level in about 3 weeks.

Giá bạc hôm nay 11 - 11 tăng mạnh , vượt 2 triệu đồng / lượng - Ảnh 2. — Silver price increased very strongly today

Some analysts say silver is shining brightly again after a sell-off from its historic peak of $54.40 an ounce in October.

The rebound comes as silver is officially included on the USGS 2025 List of Critical Minerals. The latest development is helping to boost industrial silver consumption, helping silver prices rise.

In the domestic silver market, some companies such as SBJ have announced to sell physical silver for immediate delivery at the counter - in addition to the previous form of ordering silver online and receiving goods later.

Currently, the world silver price converted according to the listed exchange rate is about 1.61 million VND/tael.