Silver prices continue their downward trend at Ancarat Vietnam JSC, listed at VND 1,453,000/lượng (buy) and VND 1,491,000/lượng (sell) in Hanoi.
Meanwhile, the price of 999 1kg silver bars is VND 38,294,000/thỏi (buy) and VND 39,226,000/thỏi (sell), updated as of 8:56 am on August 12th.
In the global market, silver prices dipped to $37.80/ounce, equivalent to VND 992,000 – 997,000/ounce (buy – sell).
Silver slipped to around $37.70/ounce, retracing some of last week’s gains as investors cashed in ahead of crucial US inflation data that could shape the Federal Reserve’s policy path.
The market is increasingly betting on a Fed rate cut in September amid signs of a weakening labor market, with a further move in December also priced in.
Fed Governor Michelle Bowman stated on August 9th that the latest weak employment report reinforced her concerns about the labor market’s fragility and supported her view that three rate cuts might be appropriate this year.
Investors are also awaiting news on whether the August 12th deadline for a US-China trade tariff truce will be extended. On the geopolitical front, US President Donald Trump is expected to meet with Russian President Vladimir Putin on August 15th in Alaska to negotiate an end to the Ukraine conflict.
The Central Bank Pumps Over 11 Trillion VND into the Open Market
Between August 4 and August 11, the State Bank of Vietnam (SBV) continued its four-week streak of net injections into the open market, primarily through new issuances in the form of term deposit offerings.
Silver Prices Fluctuate Slightly on Monday
Today, silver prices witnessed a slight dip in both domestic and international markets.
Today’s Silver Price Extends Its Bullish Run
Today’s silver prices in both the domestic and international markets continue their upward trajectory as US economic data signals weakness, boosting investor confidence.
“Nam A Bank Boosts Trade Finance for Import-Export Businesses with Global Capital Raising”
“In July 2025, Nam A Commercial Joint Stock Bank (Nam A Bank), listed on the Ho Chi Minh City Stock Exchange (HOSE: NAB), reinforced its reputation and prowess in the international financial market. The bank successfully secured a syndicated loan of $20 million from two leading Taiwanese financial institutions: The Shanghai Commercial & Savings Bank (SCSB) and E.SUN Bank. This significant achievement underscores Nam A Bank’s strong standing and credibility in the eyes of global financial leaders.”
“Silver Prices Slip in Early Monday Trading; Investors Await Further US Economic Data and Dollar Reaction”
Silver prices dipped during the opening trading session of the week, both domestically and globally.
