According to data from Phu Quy Jewelry Corporation, silver prices rebounded today after a sharp decline in the previous session. One tael of 999 silver is quoted at VND 1,830,000 (buy) and VND 1,887,000 (sell).
Meanwhile, one kilogram of 999 silver bars is priced at VND 48,799,878 (buy) and VND 50,319,874 (sell), updated at 09:07 on November 6th.
Globally, silver prices dipped to $47.8 per ounce.
In today’s trading session, silver prices surged after a period of adjustment, despite ongoing pressure from a stronger U.S. dollar and cautious investor sentiment.
Global equities and other risk assets tumbled amid concerns over stretched valuations and uncertainty surrounding future U.S. interest rate cuts. Meanwhile, ADP data revealed that private employers added 42,000 jobs in October, surpassing forecasts and signaling a potential labor market recovery.
Stronger data reinforced the view that the Fed is in no rush to cut rates further, as inflation remains above target and a government shutdown delays key employment releases.
According to expert James Hyerczyk (FX Empire), the $45.79 per ounce level is a critical support for the short-term trend. A breach below this level could invalidate the previous uptrend, opening the door for deeper corrections to $44.22 and $41.40 per ounce.
Conversely, immediate resistance is identified around $49.38–$49.46, while the $50.02–$51.07 range is a strong barrier. Silver prices must surpass this level to regain their upward momentum.
Downward pressure on silver is reinforced by the USD Index (DXY) surpassing 100, its highest since early August. The stronger dollar reflects expectations that the Fed will not aggressively cut rates in December, while boosting safe-haven demand for the USD, Japanese yen, and Swiss franc amid weak U.S. manufacturing data and government shutdown risks.
Hyerczyk notes, “The dollar’s strength, risk-off sentiment, and muted rate-cut expectations will continue to weigh on silver prices until clear signals emerge from the U.S. economy or monetary policy.”
Silver Prices Plummet to One-Month Low on November 5th, Leaving Peak Buyers Reeling
Domestic silver prices have plummeted for three consecutive days, mirroring a global sell-off that has left recent peak buyers anxious.
Silver Prices Hover at Critical Threshold
Today’s silver prices, both domestically and globally, remain stagnant, failing to achieve any significant breakthroughs.
Silver Price Stabilizes at 51 Million VND per Kilogram
Today’s silver prices in both domestic and international markets remain stable during the first trading session of the week.
Silver Price Today, November 1st: Shocking Forecast Until 2026
Silver prices continue to fluctuate dramatically today, with Phu Quy silver hovering around 1.92 million VND per tael. Meanwhile, the World Bank has released its latest forecast.
Silver Prices Surge on October 31st
Silver prices today surged both domestically and globally, reclaiming a critical milestone.
