Silver prices plummeted 20% in the first 6 months of the year
Over the first 6 months of 2026, the silver market witnessed a sharp decline when prices fell by about 20% of their value. For investors who invested from the beginning of the year with the expectation of accumulating assets, this wave of decline has brought in heavy actual losses of nearly 24% due to having to bear additional pressure from the wide buying-selling price difference from businesses.
Looking back at January 1, 2026, the silver market entered the new year with prices anchored at a relatively high level when world prices reached 71.39 USD/ounce.
In the domestic market, Ancarat Jewelry Company listed the price of 999 silver bars at 2.753 million VND/tael (buying) and 2.821 million VND/tael (selling); the 1kg silver bar line is priced at 72.526 million VND/kg (buying) and 74.726 million VND/kg (selling).
At the same time, Phu Quy Group also traded at a high level with silver bar prices of 2.697 - 2.780 million VND/tael and silver ingots of 71.919 - 74.133 million VND/kg (buying - selling).
However, as of the trading session on June 30, 2026, silver prices have fallen sharply. World silver prices plummeted sharply to only 57.3 USD/ounce, evaporating a total of 14.09 USD/ounce, equivalent to a decrease of 19.74%. The deep decline of the international market immediately dragged domestic silver prices down.
This morning (June 30), the selling price of Ancarat silver bars was only 2.229 million VND/tael (down a total of 0.592 million VND/tael, equivalent to 20.99% compared to the beginning of the year).
In Phu Quy, the selling price of this product also fell to 2.241 million VND/tael (down 0.539 million VND/tael, equivalent to 19.39%).
For 1kg silver bars, the selling price at Ancarat decreased by 15.786 million VND (down to 58.940 million VND/kg, down 21.12%) and Phu Quy decreased by 14.374 million VND (down to 59.759 million VND/kg, down 19.39%).
Buyers suffer heavy losses
People who bought physical silver from the beginning of the year and have liquidity needs at the present time are facing the reality of "loss upon loss". According to the actual calculation formula applied to physical transactions (Buy price today, June 30 minus selling price on the first day of the year, January 1), the investor's loss is significantly widened due to the price difference between buying and selling from major brands.
For silver bars (1 tael), if purchased at Ancarat at the beginning of the year for 2.821 million VND and resold today at the store's purchase price of 2.173 million VND, investors have to bear a real loss of up to 648,000 VND/tael, evaporating 22.97% of their capital. At Phu Quy, the recorded loss for similar products is 606,000 VND/tael, equivalent to a loss rate of 21.80%.
The most notable is the silver ingot segment (1kg type) - a segment often chosen by large investors to accumulate cash flow. If you spend money to buy a 1kg silver ingot from Ancarat on the first day of the year at a price of 74.726 million VND, up to now when resold to the store, investors have only earned 57.170 million VND.
This means that the investment capital flow immediately decreased by 17.556 million VND per kg of silver (equivalent to a heavy loss of 23.49%). Meanwhile, at Phu Quy Group, investors sold at 57.973 million VND, suffering a loss of 16.160 million VND/kg, equivalent to a loss rate of 21.80%.
Be careful and say "no" to leverage
The sharp decline in the past 6 months is clear evidence showing that the domestic silver market is extremely closely and rapidly affected by fluctuations in the global financial market. In the context of world silver prices continuously fluctuating strongly and unpredictably, economic experts issue a deep warning to individual investors.
First of all, people need to completely eliminate crowd psychology, avoid falling into the FOMO trap. Seeing silver prices fall deeply and then rushing into bottom-fishing without a deep understanding of the market, or fearing losing the opportunity to recover, can lead to harmful mistakes. Silver is an investment channel with a very large fluctuation range, requiring long-term calculations and sometimes even more fierce than the gold market.
In particular, the most important recommendation for people at this time is to absolutely not use financial leverage to borrow for investment. Borrowing from relatives, friends or worse, using high-interest credit sources to buy silver for hoarding is an extremely risky behavior.
When the market goes down or stagnates for a long time, the pressure to pay loan interest plus the decline in asset value will create a pincer that tightens personal finances.
