Silver price today November 26: Strong increase due to expectations of FED easing

Silver prices on November 26 recorded a steady increase in both the world and domestic markets, in the context of investors expecting the US Federal Reserve (FED) to soon loosen monetary policy. This development has cooled US bond yields, promoting cash flow back to non-yielding precious metal assets.

Silver price today November 26 World and domestic markets increased sharply

World silver price developments

In the Asian market on the morning of November 26, the spot silver price opened at 51,491 USD/ounce and increased to 51,510 USD/ounce at 6:10 a.m. (Vietnam time). Compared to the previous session, this precious metal increased by 0.135 USD/ounce. The trading range for the day fluctuated from 50,702 to 51,759 USD/ounce, showing that buying power is dominant.

According to FXStreet technical expert Christian Borjon Valencia, silver's rise is supported by expectations of an early easing by the Fed, which will reduce US bond yields. Valencia said the short-term trend remains bullish, but prices need to break through the key resistance level of $52.46 an ounce to consolidate the upward momentum. If successful, silver could head towards $54.46 an ounce and further to the psychological zone of $55 an ounce. Conversely, if prices fall below $51 an ounce, the next support level could be $50 an ounce.

Domestic silver market increases following world

The domestic market on the morning of November 26 also recorded a similar upward trend. Silver prices at large enterprises were adjusted to increase sharply, ranging from 33,000 to more than 1,300,000 VND depending on the product type.

Silver price list at some large enterprises (November 26):

Unit	Buying price (VND/tael)	Selling price (VND/tael)	Increase (VND/tael)
Phu Quy	1,958,000	2,019,000	33,000 - 34,000
Sacombank (SBJ)	1,947,000	1,998,000	33,000
Ancarat	1,975,000	2,017,000	50,000

Notably, Ancarat's 1kg 999 silver bar recorded the strongest increase, up to 1,292,000 - 1,332,000 VND/kg, trading at 51,866,000 - 53,336,000 VND/kg. At Phu Quy, 1kg silver bar also increased by 880,000 - 906,000 VND/kg, listed at 52,213,000 VND/kg (buy) and 53,839,000 VND/kg (sell).

Silver prices in Hanoi and Ho Chi Minh City

In Hanoi: Silver 99.9 is traded at 1,674,000 - 1,704,000 VND/tael; silver 99.99 is at 1,682,000 - 1,712,000 VND/tael.
In Ho Chi Minh City: 99.9 silver is traded at 1,676,000 - 1,710,000 VND/tael; 99.99 silver is at 1,683,000 - 1,714,000 VND/tael.

Source: https://baolamdong.vn/gia-bac-hom-nay-2611-tang-manh-do-ky-vong-fed-noi-long-405326.html