Silver Prices Surge: Phu Quy Jewelry Group Reports Significant Gains
According to data from Phu Quy Jewelry Corporation, silver prices have seen a notable uptick today. Fine silver (999) is quoted at VND 2,029,000 per tael (buy) and VND 2,092,000 per tael (sell). The precious metal has rebounded impressively, gaining nearly 13% over the past month.
Meanwhile, 1kg silver bars (999) are priced at VND 54,106,531 (buy) and VND 55,786,527 (sell), as of 8:51 AM on November 27th.
Globally, silver is trading at $52.8 per ounce.
Global Silver Rally: Weak U.S. Data Fuels Fed Rate Cut Expectations
Silver surged above $52.5 per ounce on Wednesday (November 26th), hitting a two-week high as weak U.S. economic data bolstered expectations of a Federal Reserve rate cut in December.
U.S. retail sales rose less than expected in September, while consumer confidence plummeted in November, signaling a cooling in consumer spending after months of robust demand. Labor market indicators also softened, with ADP reporting that private employers shed an average of 13,500 jobs per week over the four weeks ending November 8th—a marked decline from previous periods.
Markets now price in over 80% odds of a 25-basis-point Fed cut next month, up from 50% a week ago. Reports also suggest White House National Economic Council Director Kevin Hassett, who has previously argued for lower rates, is a leading contender for the next Fed Chair position.
BlackRock’s Aggressive Silver Acquisition Sparks Expert Predictions of Prices Doubling
Since the beginning of 2025, the world’s largest silver fund, managed by BlackRock, has invested $1.7 billion to acquire approximately 32 million ounces of silver (1,000 metric tons), bringing its total holdings to over 500 million ounces (roughly 15,600 metric tons).
Gold Ring Prices Drop at Close on November 26th
A leading gold retailer has slashed the price of gold rings by VND 400,000 per tael compared to this morning’s trading session.
Silver Prices Surge Back to 2 Million VND per Tael
Silver prices today have rebounded both domestically and internationally.
Silver Price Holds Steady Above 52 Million VND per Kilogram
Silver prices today remain steady both domestically and globally as markets closely monitor U.S. policy developments.
Gold Bar and Ring Prices Rebound on November 22nd Morning
This morning, the price of SJC gold bars surged by 600,000 VND per tael across major gold retailers, compared to yesterday’s closing session. Similarly, the price of gold rings at Bao Tin Minh Chau and SJC Company also saw a 600,000 VND per tael increase in both buying and selling rates.
