On August 20, 2026, silver prices in Vietnam experienced a significant decline, reflecting a broader trend in global markets. The price of silver worldwide has decreased to approximately $63.2 per ounce, pressured by rising U.S. bond yields and ongoing inflation concerns.

In Vietnam, at Phu Quy Gold and Silver Group in Hanoi, the buying price for silver is listed at 2,278,000 VND per tael, while the selling price is 2,348,000 VND per tael. This marks a decrease of 43,000 VND in the buying price and 45,000 VND in the selling price compared to August 18, where prices were 2,321,000 VND and 2,393,000 VND, respectively. Other trading locations in Hanoi are reporting prices around 1,953,000 VND for buying and 2,021,000 VND for selling. In Ho Chi Minh City, silver is trading at approximately 1,957,000 VND for buying and 2,025,000 VND for selling.

The current price adjustments reflect a significant decline from the higher levels seen in previous sessions. This trend is primarily a response to the international silver price adjustments, which are influenced by various factors including U.S. bond yields, the strength of the U.S. dollar, energy prices, and expectations regarding the monetary policy of the Federal Reserve.

As of today, the global silver price has dropped to $63.2 per ounce, which is considerably lower than the recent trading range of $65-$66 per ounce. On August 19, silver was recorded at around $63.845 per ounce, marking a 1.41% decrease during the session. Analysts are closely monitoring a support level at $60 per ounce, while resistance levels are noted between $68-$72 per ounce.

James Hyerczyk, a precious metals analyst, highlights that the long-term U.S. Treasury yields are becoming a crucial factor influencing silver prices. Recently, the yield on 30-year Treasury bonds exceeded 5.3%, the highest level since 2007. Rising yields increase the opportunity cost of holding non-yielding assets like silver and gold, thereby exerting downward pressure on their prices.

Additionally, the recent increase in oil prices, which have surpassed $91 per barrel, adds complexity to the inflation outlook. The geopolitical tensions in the Middle East raise concerns about energy supply disruptions, which could prolong inflationary pressures. This scenario is particularly significant for silver, which serves both as an investment asset and is widely used in industrial applications.

Despite a recent weakening of the U.S. dollar, experts believe it has not been sufficient to trigger a new buying wave in the silver market. Although softer inflation data from the U.S. has reduced expectations for a Fed rate hike in September, the dollar's strength continues to restrict silver's price recovery.

Market participants are now awaiting signals from the Federal Reserve regarding future monetary policy. The minutes from the FOMC meeting in July may provide insights into policymakers' views on inflation, the labor market, and interest rate prospects. A favorable scenario for silver would involve a continued weakening of the dollar alongside declining U.S. Treasury yields, which would lower the opportunity cost of holding silver and could attract investment back into the precious metal.

In summary, the silver market is currently under pressure from a combination of high U.S. Treasury yields, rising oil prices, and cautious investor sentiment ahead of new signals from the Fed. While the weakening dollar provides some support, it is not strong enough to reverse the current trend. The domestic silver price at Phu Quy stands at 2,278,000 VND for buying and 2,348,000 VND for selling, significantly lower than previous levels. Future movements in global silver prices, particularly in response to Fed policy signals, will be critical in determining the direction of domestic silver prices.