Silver price fluctuations on September 15th: Silver bars and silver bars plummet

Phương Anh |

Silver price fluctuation September 15th: Silver prices fell sharply as the USD appreciated, US bond yields rose, and the market awaited the Fed's interest rate decision.

Domestic silver prices

As of 10:00 AM on September 15, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at 2.163 - 2.228 million VND/tael (buying - selling), down 11,000 VND/tael in both directions compared to yesterday morning.

The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 57.144 - 58.914 million VND/kg (buying - selling), down 282,000 VND/kg on the buying side and 292,000 VND/kg on the selling side compared to yesterday morning.

At the same time, the price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company was listed at the threshold of 2.222 - 2.322 million VND/tael (buying - selling), down 16,000 VND/tael in both directions compared to yesterday morning.

The price of 999 silver bars (1 tael) at Phu Quy Jewelry Group is listed at the threshold of 2.187 - 2.255 million VND/tael (buying - selling), down 18,000 VND/tael in both directions compared to yesterday morning.

Biến động giá bạc trong nước những phiên gần đây, cập nhật đến 10h00 ngày 15.9. Biểu đồ: Phương Anh
Domestic silver price fluctuations in recent sessions, updated to 10:00 AM on September 15. Chart: Phuong Anh

The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 58.319 - 60.133 million VND/kg (buying - selling), down 480,000 VND/kg in both directions compared to yesterday morning.

World silver price

On the world market, as of 10:00 AM on September 15 (Vietnam time), the world silver price was listed at 63.5 USD/ounce, down 0.72 USD/ounce compared to yesterday morning.

Diễn biến giá bạc thế giới những phiên gần đây, cập nhật đến 10h0 ngày 15.9. Biểu đồ: Phương Anh
World silver price movements in recent sessions, updated to 10:00 AM on September 15. Chart: Phuong Anh

Causes and forecasts

World silver prices fell as the USD strengthened and US Treasury bond yields rose; currently trading around the threshold of 63 USD/ounce.

The market is focusing its attention on the monetary policy meeting of the US Federal Reserve (Fed), taking place on September 15-16. According to the CME FedWatch tool, traders are assessing the possibility of the Fed raising interest rates by 0.25 percentage points to around 86%.

Rising interest rates can be detrimental to silver because this precious metal does not yield yields. Meanwhile, higher bond yields can cause cash flow to shift to profitable assets, reducing the attractiveness of silver.

Expectations for the Fed's monetary policy have gained more attention after US inflation data released last weekend showed that price pressure is still present. The consumer price index (CPI) in August increased by 0.4% compared to the previous month, higher than the increase in July. Meanwhile, the core CPI, excluding food and energy prices, increased by 0.3%.

In addition, oil price movements are also a factor monitored by the market. Oil price increases in the context of escalating tensions in the Middle East may increase concerns about inflation. This poses an additional problem for the Fed in considering interest rate and borrowing costs management directions.

The information in the article only reflects market developments, not investment recommendations. Investors need to carefully consider risk factors before making a decision.

See more news related to silver prices HERE...

Phương Anh
RELATED NEWS

Silver price fluctuations 14. 9: World prices slightly decrease

|

Silver price fluctuations 14. 9: Domestic prices fluctuate in opposite directions, while world silver prices slightly decrease as the market waits for further signals from the Fed.

Silver price fluctuation 13. 9: Domestically anchored at high level

|

Silver price fluctuation 13. 9: Silver prices recovered after being pressured by US inflation data, while the weakening USD supported the precious metal to regain its upward momentum.

Silver price fluctuation 12.9: Rebounding after adjustment

|

Silver price fluctuation 12.9: Silver prices recovered after a sharp decline, but the market is still under pressure from expectations of the Fed raising interest rates and concerns about inflation.

Principal in Nghe An speaks out about 30,000 VND semi-boarding meal criticized by parents as low

|

Nghe An - Images of a 30,000 VND semi-boarding meal at an elementary school cause controversy when parents believe that the portion size is not commensurate.

Mr. Nguyen Hong Hai becomes Standing Vice Chairman of Lam Dong Provincial People's Committee

|

Lam Dong - Mr. Nguyen Hong Hai was assigned to be Standing Vice Chairman of the Provincial People's Committee, replacing the Provincial Chairman to manage work when the Chairman is away.

Many vehicles stalled while moving through flooded spots in Hanoi

|

Hanoi - Localized flooding appeared in some areas on the morning of September 15, making it difficult for vehicles to move, with many vehicles stalling when passing through flooded sections.

20m long crack appears on inter-communal road near Dak Glong bridge in Lam Dong

|

Lam Dong - A section of road near Dak Glong bridge, Quang Khe commune, has a crack about 20m long, showing signs of deformation, posing a risk of landslides.

Scene of Nhat Le beach littered with garbage and wood after heavy rain

|

Quang Tri - Garbage, branches, and wooden bodies piled up in layers along Nhat Le beach (Dong Hoi ward) after heavy rain days.

Silver price fluctuations 14. 9: World prices slightly decrease

Phương Anh |

Silver price fluctuations 14. 9: Domestic prices fluctuate in opposite directions, while world silver prices slightly decrease as the market waits for further signals from the Fed.

Silver price fluctuation 13. 9: Domestically anchored at high level

Phương Anh |

Silver price fluctuation 13. 9: Silver prices recovered after being pressured by US inflation data, while the weakening USD supported the precious metal to regain its upward momentum.

Silver price fluctuation 12.9: Rebounding after adjustment

Phương Anh |

Silver price fluctuation 12.9: Silver prices recovered after a sharp decline, but the market is still under pressure from expectations of the Fed raising interest rates and concerns about inflation.