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Silver recovers from two-month low

Báo Công thươngBáo Công thương20/11/2024

Silver price today (November 21), silver price continued to recover from the 2-month low when it increased slightly by 0.12% to over 31 USD/ounce.


Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed and adjusted to increase at 1,155,000 VND/tael (buy) and 1,191,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 970,000 VND/tael (buy) and 999,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 971,000 VND/tael (buy) and 1,001,000 VND/tael (sell). World silver price is at 795,000/ounce (buy) and 800,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 21, 2024:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

970,000

999,000

971,000

1,001,000

1 kg 25,854,000 26,652,000 25,906,000 26,703,000
Silver 99.99 1 amount 977,000 1,007,000 979,000 1,009,000
1 kg 26,060,000 26,864,000 26,102,000 26,915,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 21, 2024:

Silver type

Unit/VND

Hanoi

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,155,000

1,191,000

Phu Quy 999 Silver Bar 1 kg 30,799,923 31,759,921

Latest update on world silver prices on November 21, 2024:

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

788,000

793,000

1 only 94,966 95,579
1 amount 950,000 956,000
1 kg 25,324,000 25,488,000

Green dominated the metal price chart, however, most items recorded a limited increase, not exceeding 1%. For precious metals, silver prices continued to recover from a 2-month low when they increased slightly by 0.12% to over 31 USD/ounce.

Precious metals continued to find support as the dollar’s ​​rally slowed, helping the market stabilize. The Dollar Index, a gauge of the greenback’s strength against a basket of six major currencies, continued to weaken from a one-year high, closing above 106, marking its third straight session of decline. Silver rebounded from a two-month low.

In addition, concerns about escalating Russia-Ukraine tensions have also made precious metals, a safe-haven asset, more attractive, thereby supporting the prices of silver and platinum. Specifically, after months of pressure, the Biden administration announced over the weekend that Ukraine could use long-range missiles produced by Washington to carry out attacks targeting Russian territory.



Source: https://congthuong.vn/gia-bac-hom-nay-21112024-bac-phuc-hoi-tu-muc-day-trong-vong-hai-thang-359907.html

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