Domestic silver prices
As of 10:30 am on June 27, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.242 - 2.299 million VND/tael (buying - selling); an increase of 100,000 VND/tael on the buying side and an increase of 102,000 VND/tael on the selling side compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 58.986 - 60.806 million VND/kg (buying - selling); an increase of 2.640 million VND/kg on the buying side and an increase of 2.720 million VND/kg on the selling side compared to yesterday morning.
The price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company is listed at the threshold of 2,240 - 2,314 million VND/tael (buying - selling); an increase of 106,000 VND/tael on the buying side and an increase of 109,000 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 2.245 - 2.314 million VND/tael (buying - selling); an increase of 96,000 VND/tael on the buying side and an increase of 99,000 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 59.866 - 61.706 million VND/kg (buying - selling); an increase of 2.827 million VND/kg on the buying side and an increase of 2.907 million VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 9:50 am on June 27 (Vietnam time), the world silver price was listed at 59.05 USD/ounce; an increase of 2.99 USD/ounce compared to yesterday morning.

Causes and forecasts
Silver prices rose in the last trading session of the week, but, according to Christopher Lewis - precious metals analyst at FX Empire, silver prices have been under strong downward pressure in the past week as the USD maintained its strength, weakening the attractiveness of this precious metal.
Mr. Lewis said that right at the beginning of the trading week, silver prices opened with a sharp decrease. After that, the market had a slight recovery at one point to fill the price gap, but the upward momentum did not last long and quickly turned down again.
According to this expert, the 60 USD/ounce mark is currently an important technical threshold that investors are closely monitoring. If the price continues to weaken and loses this support zone, silver may fall back to the 50 USD/ounce mark.
Mr. Lewis noted that the 50 USD/ounce price range has repeatedly played the role of an important support and resistance threshold in history, since the 1970s. Therefore, if silver prices fall to this area, it is not too surprising. However, the fact that prices are recovering from the recent bottom may create more momentum for the market in the short term.
From a technical analysis perspective, he believes that if silver surpasses the 60 USD/ounce mark again, the price may recover to the 64 USD/ounce zone.
However, the upward outlook still depends heavily on the diễn biến of the USD. As long as the greenback maintains its strength, silver will continue to face pressure due to the reverse correlation between these two types of assets" - Christopher Lewis analyzed.
From a long-term perspective, FX Empire experts still positively assess silver thanks to basic supply and demand factors continuing to support the upward trend. However, in the short term, market sentiment is still quite cautious and recovery waves are likely to face profit-taking pressure as selling pressure still prevails.
See more news related to silver prices HERE...
