Silver prices today, December 16th: A sharp increase across the board, reaching record highs worldwide.

On the morning of December 16th, world silver prices surged to a record high of $64.097 per ounce following the Federal Reserve's move. The domestic market also recorded a sharp increase in prices at major brands.

Domestic silver prices have risen across the board.

On the morning of December 16th, the silver market recorded a strong surge in both the global and domestic markets. Global spot silver prices soared to record highs, while domestic brands also simultaneously adjusted their prices upwards, offsetting the losses from the previous session.

As of 5:30 AM on December 16th, silver prices at major trading systems have seen a significant upward adjustment compared to the trading session on December 15th. The common increase ranges from 59,000 to 71,000 VND per tael.

Business Unit	Location	Buying price (VND/ounce)	Selling price (VND/ounce)	Changes (compared to December 15th)
Phu Quy	Hanoi	2,398,000	2,472,000	Increase 69,000 (buy) - 71,000 (sell)
Other transactions	Hanoi	2,071,000	2,101,000	An increase of 60,000 (both directions)
Other transactions	Ho Chi Minh City	2,073,000	2,106,000	Increase 60,000 (buy) - 59,000 (sell)

Silver prices rose to record highs across the board during trading on December 16th.

Global markets reach new highs.

On the world market, according to data from giabac.net at 05:48:36 AM on December 16, 2025, the spot price of silver was trading at $64.097 per ounce , an increase of $2.182 per ounce compared to the previous session. This is one of the strongest increases recorded since the beginning of the month.

The world silver price, converted to Vietnamese dong, is listed at 1,687,000 VND/ounce for buying and 1,692,000 VND/ounce for selling, an increase of 58,000 VND and 57,000 VND respectively compared to the morning of December 15th.

Expert analysis

According to James Hyerczyk, a precious metals analyst at FX Empire, the main driver behind silver's rise came from the Federal Reserve's 0.25 percentage point interest rate cut. Expectations of further monetary easing in the future have strongly supported non-yielding assets like precious metals.

"Thanks to these favorable factors, in the final trading session of the week, the spot price of silver reached a new record high of $64.67 per ounce. However, the upward momentum was not sustained until the end of the session as strong profit-taking pressure emerged at the high price levels," said James Hyerczyk.

The expert believes this development indicates that buying pressure has weakened after a week of rapid increases, reflecting short-term profit-taking rather than a long-term trend shift. Pressure for a correction is also increasing as 10-year US Treasury yields edge up and the US dollar strengthens slightly.

James Hyerczyk believes that the $60.52/ounce mark acts as a crucial support level in the short term. "Holding above this level will help silver maintain its upward trend. Conversely, if it falls below this support level, the price could face further downward pressure," he analyzed.

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Source: https://baonghean.vn/gia-bac-hom-nay-1612-dong-loat-tang-manh-the-gioi-lap-ky-luc-10315414.html