Domestic silver prices
As of 9:00 am, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.241 - 2.310 million VND/tael (buying - selling); an increase of 5,000 VND/tael in both buying and selling directions compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 59.759 - 61.599 million VND/kg (buying - selling); an increase of 133,000 VND/kg in both buying and selling directions compared to yesterday morning.
The price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company is listed at the threshold of 2.211 - 2.277 million VND/tael (buying - selling); down 5,000 VND/tael in both buying and selling directions compared to yesterday morning.
The price of 2025 Ancarat 999 (1kg) silver ingots at Ancarat Gem Company is listed at 58.410 - 60.220 million VND/kg (buying - selling); down 134,000 VND/kg in both buying and selling directions 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 2.299 - 2.374 million VND/tael (buying - selling); down 12,000 VND/tael in both buying and selling directions compared to yesterday morning.
World silver price
On the world market, as of 9:00 AM on September 22 (Vietnam time), the world silver price was listed at 66.00 USD/ounce, down 0.53 USD/ounce compared to yesterday morning.
Causes and forecasts
After increasing in the first session of the week, world silver prices turned down in today's session. The diễn biến of precious metals is influenced by the USD, US monetary policy and new information related to the Middle East situation.
Oil prices fell amid expectations that the US and Iran could resume dialogue. Cooling energy prices partly reduced concerns about inflation, thereby affecting market expectations about the US interest rate level.
Besides geopolitical factors, US monetary policy is still one of the important factors for silver prices. Interest rate fluctuations and the USD often affect the attractiveness of precious metals in the international market.
This week, investors will be following some US economic data, including preliminary data on S&P's Global Purchasing Managers' Index (PMI) and a consumer sentiment survey from the University of Michigan.
Statements by officials of the US Federal Reserve (Fed) are also being noticed, as the market seeks further signals about monetary policy orientation in the near future.
In the context of continuously fluctuating silver prices, the diễn biến of the USD, interest rates and geopolitical situation will continue to be factors that the market will monitor.
The information in the article only reflects market developments, not investment recommendations. Investors need to carefully consider risk factors before making a decision.
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