According to data from Phu Quy Jewelry Corporation, silver prices have declined today, with 999 silver bars priced at 1,953,000 VND per tael (buy) and 2,013,000 VND per tael (sell). Over the past week, silver bar prices have dropped by nearly 3%.
Meanwhile, 1kg 999 silver bars are priced at 52,079,870 VND (buy) and 53,679,866 VND (sell), as of 09:20 on November 20.
In the global market, silver is trading at 50.9 USD per ounce.
Silver remains stable around 51 USD per ounce as the market digests the minutes from the Fed’s October meeting, which revealed significant divisions. While many officials still anticipate rate cuts at some point, a substantial group has signaled that a December move is uncertain. The withdrawal of near-term easing expectations has bolstered the dollar, dampening some momentum in metal prices. Meanwhile, prolonged macro and geopolitical risks continue to support safe-haven demand.
Fundamental physical factors remain supportive, with technical momentum from last month’s breach of the 52 USD level encouraging buyers. Steady physical buying in Asia is sustaining demand, even as spot liquidity shows signs of improvement.
With attention shifting to the delayed U.S. jobs report and subsequent Fed commentary, silver’s next move will hinge on whether upcoming data reinstates expectations for aggressive cuts or confirms the Fed’s more cautious trajectory.
November 18: Silver Prices Plunge Across the Board
Today’s silver prices have plummeted both domestically and globally, driven by mounting pressure from U.S. economic data.
Silver Prices Under Pressure
Today’s silver prices both domestically and globally have recorded a downward trend.
Silver Prices Plummet on November 15th, Leaving Investors Stunned
Amidst the sharp decline in gold prices, silver prices today have also plummeted in the international market as investors rush to lock in profits.
Silver Prices Retrace Following Sharp Rally
Today’s silver prices witnessed a slight decline both domestically and globally.
“Rich Dad, Poor Dad” Author Warns: I Own a Silver Mine and Know Supply is Tight—Prices Could Surge to $200/Ounce
“Robert Kiyosaki boldly predicts, ‘I suspect silver will hit $200 per ounce within the next year.’”
