Silver price today 11/13 is at its highest in nearly a month

(NLDO) – Silver prices today increased strongly in both domestic and international markets, Phu Quy silver exceeded 2.1 million VND/tael.

On the morning of November 13, the price of silver bars at Phu Quy Group was traded around 2,043 million VND/tael for buying and 2,106 million VND/tael for selling, an increase of 84,000 VND per tael compared to yesterday.

Sacombank Gold and Gemstone Company (SBJ) listed the price of silver bars at 2.007 million VND/tael for buying and 2.058 million VND/tael for selling.

Ancarat and Golden Fun also pushed silver prices far beyond the 2 million VND/tael mark, around 2,034 - 2,086 million VND/tael (selling price)

Silver prices in the domestic market today reached their highest level in nearly a month.

In the past week, silver price has increased by more than 10% and is returning to the historical peak set last October at 2.14 million VND/tael.

Silver prices increase continuously

In the international market, spot silver price is at 53.44 USD/ounce, up 4.3% compared to the previous session and is heading back to the historical peak of 54.4 USD/ounce set in October.

Silver prices are rising in tandem with gold after a sell-off in late October, experts say. Silver is expected to be not only a safe haven investment alongside gold, but also driven by growing industrial demand.

Most recently, the US government is expected to resume operations, the upcoming US economic data may pave the way for the Federal Reserve (FED) to cut interest rates next December. Interest rates continue to fall, the USD goes down, which is a positive factor supporting silver prices.

Currently, the world silver price converted according to the listed exchange rate is about 1.7 million VND/tael, about 12% lower than the domestic silver price.

Silver prices have increased by more than 10% in the past week.

Source: https://nld.com.vn/gia-bac-hom-nay-13-11-len-cao-nhat-gan-1-thang-196251113092047004.htm