Silver price today November 20: Phu Quy Silver causes surprise

(NLDO) – Domestic silver prices fell back, contrary to the strong increase in world silver prices.

On the morning of November 20, Sacombank Gold and Gemstone Company (SBJ) listed the buying price of silver bars at 1.938 million VND/tael and the selling price at 1.989 million VND/tael, down 3,000 VND/tael compared to yesterday.

On the contrary, Phu Quy Group adjusted the silver price to increase far beyond the 2 million VND/tael mark, around 1.972 million VND/tael for buying, 2.033 million VND/tael for selling, an increase of 17,000 VND per tael.

Other brands such as Ancarat and Golden Fun also sell 1-tael silver bars at prices far exceeding the 2 million VND/tael mark, ranging from 2.023 million VND to 2.058 million VND/tael.

Domestic silver prices vary significantly between brands.

Silver price today in the domestic market is different in each place.

In the international market, silver prices continued to increase today after surpassing the psychological mark of 50 USD/ounce. At 10:30 am, Vietnam time, silver prices were trading at 51.5 USD/ounce, up 0.25% compared to the previous session.

According to the latest report from the World Platinum Investment Council (WPIC), this precious metal has many supporting factors to continue to rise.

Silver prices are expected to remain stable at high levels in the coming time. Although it is not yet taxed as a precious metal, the threat of silver import tariffs has not disappeared, as the US recently officially added silver to the 2025 Critical Minerals List. If silver is taxed amid high demand for investment and industrial production, prices could rise further.

Currently, the world silver price converted according to the listed exchange rate this morning is about 1.64 million VND/tael, about 24% higher than the domestic silver price.

Source: https://nld.com.vn/gia-bac-hom-nay-20-11-bac-phu-quy-gay-bat-ngo-196251120103709946.htm