Silver prices at Phu Quy Gold and Gemstone Group are listed at VND 1,137,000/tael (buying) and VND 1,172,000/tael (selling). Silver bars of 1 kg are listed at VND 30,319,924/bar (buying) and VND 31,253,255/bar (selling).
Silver bars and ingots
In the international market, silver prices rebounded to above $30.40/ounce, recovering from an 11-week low as geopolitical risks increased, boosting safe-haven demand for precious metals.
Russian President Vladimir Putin has warned of missile strikes on Ukraine, following a series of large-scale Russian attacks on Ukraine’s critical energy infrastructure. In the Middle East, tensions flared as Israel and Hezbollah exchanged accusations of violating a ceasefire agreement that took effect last Wednesday (Nov. 27).
Silver coins
Additionally, silver prices received support from a weaker dollar and lower Treasury bond yields, as expectations of further interest rate cuts by the US Federal Reserve persist. Concerns about the tariffs proposed by US President-elect Donald Trump on China, Mexico, and Canada have also eased, as traders await further details on these plans.
“Dollar Soars to a One-Year High as Markets Anticipate Trump’s Policies”
The metals market remains under selling pressure as platinum prices fell for the fourth straight session; COMEX copper prices weakened to a two-month low.
The Year-End Interest Rate Crunch
The end of the year always brings a surge in demand for capital, especially for businesses and individuals seeking funds to expand production, stock up for the Lunar New Year, and meet festive consumer demands. In response, commercial banks have started to increase deposit interest rates to secure stable funding.
The Power of Bitcoin: Surging Past $62,000 as U.S. Employment Reports Surpass Expectations
The positive U.S. jobs report has brought a more optimistic outlook for bitcoin, which had dipped 6% earlier in the week to around $60,000 per BTC, in part due to unrest in the Middle East.
