On August 19, 2026, silver prices in Vietnam adjusted downward in the trading session. As of 9:30 AM local time, the price of 999 silver (1 tael) at Ancarat Precious Metals Company was listed at 2,241 - 2,298 million VND (buy - sell), reflecting a decrease of 45,000 VND per tael for buying and 47,000 VND for selling compared to the previous morning.

The price of 999 silver bars (1 kg) at Ancarat was quoted at 58,960 - 60,780 million VND (buy - sell), which is a drop of 1,214 million VND for buying and 1,254 million VND for selling. Additionally, the price of 999 silver from DOJI Gold and Gemstone Group was listed at 2,255 - 2,328 million VND (buy - sell), down by 45,000 VND for buying and 42,000 VND for selling compared to the previous day.

At Phu Quy Gold and Gemstone Group, the price of 999 silver (1 tael) was set at 2,260 - 2,330 million VND (buy - sell), with a decrease of 44,000 VND for buying and 45,000 VND for selling. The price of 999 silver bars (1 kg) at Phu Quy was listed at 60,266 - 62,133 million VND (buy - sell), down by 1,173 million VND for buying and 1,2 million VND for selling.

Globally, as of 9:30 AM on August 19, the price of silver was quoted at 63.2 USD per ounce, marking a decrease of 2.15 USD compared to the previous morning.

The sharp decline in silver prices is primarily attributed to the rising yields of long-term U.S. Treasury bonds. Analyst James Hyerczyk noted that silver is under pressure as the yield on 30-year Treasury bonds approached 5.31%. Concurrently, Brent crude oil prices exceeded 91 USD per barrel, raising inflation concerns and making investors cautious ahead of the upcoming Federal Reserve meeting minutes.

Despite the U.S. dollar remaining near its lowest levels in months due to weaker economic data diminishing expectations for a Fed rate hike in September, this factor has not been sufficient to support silver prices recently. Hyerczyk explained that the dynamics of long-term bonds are dominating the precious metals market, while short-term bond trends have yet to exert a significant influence.

He added that rising energy costs provide investors with additional reasons to worry about prolonged inflation, which could pressure interest rate expectations and asset prices like silver. Currently, the U.S. dollar is not weak enough to generate new buying momentum for silver, while long-term bond yields remain too high to ignore.

Hyerczyk emphasized that silver prices require two supportive factors: a weaker U.S. dollar and declining bond yields. Currently, only the U.S. dollar meets part of this requirement, while long-term bond yields continue to exert pressure.

Market participants are awaiting the July FOMC meeting minutes for further signals regarding interest rate policy. Prior weak economic data has significantly reduced expectations for a Fed rate hike in September. The meeting minutes may reveal whether the market has adjusted its expectations too far.

Hyerczyk concluded that as long as long-term Treasury yields overshadow short-term trends, any upward movements in silver prices may present selling opportunities for investors.

Note: The information in this article reflects market developments and is not investment advice. Investors should carefully consider risk factors before making decisions.