World silver prices hit highest level since early 2025
The global precious metals market recorded strong fluctuations in the morning trading session on November 12, with spot silver prices increasing by 1.52 USD to 50.7 USD/ounce. This is the highest price since the beginning of 2025.
The main driver of this price increase came from the announcement by the US Department of the Interior to officially add silver to the list of important minerals of the country, alongside lithium and nickel. This decision is considered a fundamental factor that can reshape the long-term trend of silver prices.
Domestic markets adjusted up simultaneously.
Following the world's upward trend, silver prices in the Vietnamese market have also been adjusted to increase sharply in both buying and selling directions. Below is the updated price list at some major trading units:
| Unit/Area | Buying price (VND/tael) | Selling price (VND/tael) |
|---|---|---|
| Phu Quy ( Hanoi ) | 1,949,000 | 2,009,000 |
| Other transaction points (Hanoi) | 1,662,000 | 1,692,000 |
| Ho Chi Minh City | 1,664,000 | 1,697,000 |
For 99.9% silver by kilogram, the price in Hanoi ranges from 44.315 - 45.113 million VND/kg. Meanwhile, at Phu Quy system, the price of 999 silver bars is listed at the highest level since the beginning of the month, reaching 51.973 - 53.573 million VND/kg.
Expert analysis and market outlook
Analysts say silver’s move above the psychological $50 an ounce level is an important technical signal. “It’s a very interesting moment because this level could signal the direction of the next trend. If it fails to break above this level, there’s a good chance the market has topped out,” said Christopher Lewis, precious metals expert at FX Empire.
Mr. Lewis also said that the market is in the accumulation phase after a period of growth and is starting to show signs of regaining momentum. The level of 50 USD/ounce is still the most important area due to psychological factors and options trading.
On the demand side, Kitco News’ Neils Christensen noted that more than 60% of current silver demand comes from industrial applications, particularly in the electronics and solar sectors. “This strong demand is putting pressure on supply and leading to a growing shortage,” Christensen analyzed.
With this backdrop, many experts predict that the silver rally may continue. If the silver price remains stable above the $50/ounce mark in the coming sessions, higher levels such as $52-$55/ounce may be set in the near future.
Source: https://baolamdong.vn/gia-bac-vuot-moc-50-usdounce-sau-quyet-dinh-quan-trong-tu-my-402197.html
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