Domestic silver prices
As of 9:30 a.m. on June 28, the price of 2025 Ancarat 999 silver bars (1kg) at Ancarat Precious Metals Company was listed at 58,986 - 60,806 million VND/kg (buy - sell).
Last week's trading session (morning of June 21, 2026), the price of 2025 Ancarat 999 silver bars (1kg) at Ancarat Precious Metals Company was listed at 64,754 - 66,754 million VND/kg.
Thus, if you buy 2025 Ancarat 999 silver ingots (1kg) at Ancarat Gem Company on the session of June 21, 2026 and sell them on this morning's session (June 28, 2026), the buyer will lose 7.768 million VND/kg.
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).
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).
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 59.866 - 61.706 million VND/kg (buying - selling).
In the previous week's trading session (June 21, 2026), the price of 999 silver ingots (1kg) at Phu Quy Jewelry Group was listed at 65.573 - 67.599 million VND/kg (buying - selling).
Thus, if you buy 999 silver ingots (1kg) at Phu Quy Jewelry Group in the session on June 21, 2026 and sell them in the morning session today (June 28, 2026), the buyer will lose 7.733 million VND/kg.
World silver price
On the world market, as of 9:30 am on June 28 (Vietnam time), the world silver price was listed at 59.05 USD/ounce; down 5.77 USD/ounce compared to a week ago.
Causes and forecasts
According to Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank, the fact that gold prices fell below $4,000/ounce and silver prices lost the $60/ounce mark has significantly weakened sentiment in the precious metals market.
In the short term, the strengthening USD and the tough stance of the US Federal Reserve (Fed) after last week's meeting are still the biggest factors putting pressure on the market.
In a newly released report, Mr. Hansen said that gold and silver are in a defensive position as many investors narrow down or completely withdraw their holdings. Since the beginning of the year, silver prices have decreased by 19% since the beginning of the year, but still increased by about 56% compared to a year ago.
According to this expert, the recent price drop mainly stemmed from the strong increase of the USD. After the Fed's tough message, the market increased expectations that the US may continue to raise interest rates by the end of the year, causing the cost of holding non-performing assets such as gold and silver to become higher.
However, some unfavorable factors for the precious metals market are gradually cooling down. The fall in crude oil prices has eased concerns about inflation, thereby reducing pressure on the Fed to continue tightening monetary policy. Expectations for new interest rate hikes are also weakening, while long-term US government bond yields tend to decline," Ole Hansen said.
According to Mr. Hansen, the basic outlook for precious metals is gradually becoming less unfavorable, but for the market to recover, more signals of capital withdrawal from ETFs are needed to stabilize and the USD is weakening. Before these conditions appear, gold and silver prices are likely to still be mainly affected by technical factors and cash flow developments rather than the foundational factors of the economy.
See more news related to silver prices HERE...
