Domestic silver prices
As of 9:00 AM on May 31, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.852 - 2.925 million VND/tael (buying - selling); unchanged in both directions compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 75.170 - 77.500 million VND/kg (buying - selling); unchanged in both directions compared to yesterday morning.
The price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company is listed at the threshold of 2.846 - 2.949 million VND/tael (buying - selling); unchanged in both directions 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 2.851-1.939 million VND/tael (buying - selling); unchanged in both directions compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 76.026 - 78.373 million VND/kg (buying - selling); unchanged in both directions compared to yesterday morning.
World silver price
On the world market, as of 9:00 AM on May 31 (Vietnam time), the world silver price is listed at 75.15 USD/ounce.
Causes and forecasts
Silver prices have experienced a period of strong growth since the end of 2025. From 47 USD/ounce in early October 2025, silver prices continuously broke through, for the first time exceeding the 100 USD/ounce mark in history before reaching a peak of 116 USD/ounce in January 2026.
However, this upward momentum did not last long. As of May 25, 2026, silver prices fell to 74 USD/ounce.
According to experts, many factors are putting pressure on the precious metals market. Geopolitical tensions in the Middle East are causing energy prices to rise, attracting part of the investment flow to leave gold and silver. In addition, the prospect of interest rates remaining at a high level of the US Federal Reserve (Fed) also reduces the attractiveness of non-performing assets such as gold and silver compared to bonds or savings products.
However, in the long term, the outlook for this precious metal is still positively assessed.
Meanwhile, Mr. Deric Ned - founder and CEO of Ridgemont Metals - said that silver prices could fluctuate in the range of 72 - 88 USD/ounce in June, with the most common scenario being from 80 - 85 USD/ounce.
According to Mr. Ned, if tensions related to Iran cool down and the USD weakens, silver prices can completely recover to the 90 USD/ounce zone. Conversely, if industrial demand continues to decline and the Fed maintains tight monetary policy, silver prices may fall back to the 70 USD/ounce zone.
However, this expert believes that the demand for silver in the field of solar energy and artificial intelligence is still an important driving force supporting the market in the long term.
Agreeing with this view, Mr. Brett Elliott - Marketing Director of APMEX - said that silver prices in the near future may fluctuate in the range of 60 - 100 USD/ounce, but mainly trade in the range of 70 - 90 USD/ounce.
According to Mr. Elliott, the silver market is currently affected by two opposite pulling forces. On the one hand, reduced investment demand is creating downward pressure on prices. On the other hand, global silver supply is still in a state of shortage, thereby continuing to support the price of this precious metal.
Supply shortages, although narrowed, are still shortages. Current silver reserves are significantly lower than before and this is still an important factor supporting prices in the long term," Mr. Elliott said.
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