Domestic silver prices
As of 9:15 am on June 18, the price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company was listed at the threshold of 2.617 - 2.703 million VND/tael (buying - selling), down 41,000 VND/tael on the buying side and down 42,000 VND/tael on the selling side compared to yesterday morning.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.622 - 2.703 million VND/tael (buying - selling), down 41,000 VND/tael on the buying side and down 42,000 VND/tael on the selling side compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 69.919 - 72.079 million VND/kg (buying - selling), down 1.094 million VND/kg on the buying side and down 1.120 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 9:20 am on June 18 (Vietnam time), the world silver price was listed at 69.51 USD/ounce, down 0.96 USD/ounce compared to yesterday morning.
Causes and forecasts
The silver market is being affected by many external factors, including new developments in the Middle East. These developments affect investor sentiment and the financial market, thereby indirectly affecting silver prices.
According to Mr. Christopher Lewis - precious metals analyst at FX Empire, silver prices are currently fluctuating around the threshold of 70 USD/ounce and showing signs of slowing down after a period of strong increase before. According to him, the market's temporary accumulation and correction is a normal development after a rapid rally.
Mr. Lewis said that silver still has the potential to increase in price in the long term thanks to large demand while supply in the market is still limited. However, for the upward trend to be maintained, the market needs more support from the interest rate environment and investors' risk-taking sentiment.
According to experts from FX Empire, the strong increase at the end of 2025 and the beginning of 2026 has caused silver prices to increase rapidly in a short time. Therefore, the market currently needs a period of adjustment to absorb profit-taking pressure and reduce investor excitement.
Regarding short-term prospects, Mr. Christopher Lewis believes that the 60 USD/ounce zone is playing an important supporting role for silver prices.
If maintained above this level, the upward outlook for the precious metal is still maintained. Conversely, if prices fall below the 60 USD/ounce threshold, the market may face stronger selling pressure and the risk of deep correction" - Mr. Christopher Lewis assessed.
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