On August 20, 2026, silver prices in Vietnam saw a notable rise, driven by the simultaneous decline in U.S. bond yields and the dollar. As of 9:10 AM, the price of silver bars (999) at Ancarat Precious Metals Company was quoted at 2,332 - 2,392 million VND per tael, marking an increase of 91,000 VND per tael for buying and 94,000 VND for selling compared to the previous morning.

Similarly, the price of silver ingots (999) at DOJI Gold and Gem Group was listed at 2,342 - 2,420 million VND per tael, reflecting an increase of 87,000 VND for buying and 92,000 VND for selling. At Phu Quy Gold and Gem Group, the prices were slightly higher at 2,347 - 2,420 million VND per tael, also showing similar increases.

In the global market, silver was trading at 67.12 USD per ounce, up by 3.92 USD from the previous morning. This increase is attributed to the U.S. Treasury Department's announcement to double the scale of its long-term bond buyback program, which is set to commence on September 9 and continue into early November.

According to precious metals analyst James Hyerczyk, the surge in silver prices is a direct response to the reduction in long-term bond yields, which fell by approximately 8-10 basis points, and a decline of around 0.7-0.8% in the dollar index. These factors had previously exerted downward pressure on precious metals.

As the pressures on silver eased, investors who had previously sold began to buy back, contributing to the price increase. The weakening dollar also made silver more attractive to investors holding other currencies, further enhancing demand.

It is important to note that the information provided reflects market trends and should not be construed as investment advice. Investors are encouraged to carefully consider risk factors before making decisions.