According to data from Phu Quy Jewelry Joint Stock Company, silver prices have cooled down after several heated sessions. As of today, 999 silver is listed at VND 2,930,000 per tael (buy) and VND 3,021,000 per tael (sell), down from the peak of VND 3,075,000 per tael on December 27th.
Meanwhile, 1kg 999 silver bars are priced at VND 78,133,138 per bar (buy) and VND 80,559,799 per bar (sell), updated at 09:03 on December 29th. Last week, domestic silver bar prices continued to rise, reaching a peak of VND 82 million per kg.
In the global market, silver is trading at $77.6 per ounce.
Silver prices dropped over 3% to around $77 per ounce in early trading this week, pressured by profit-taking after a year-end rally that saw prices hit a new record high of $81.
According to precious metals analyst Christopher Lewis, the current trend indicates that silver’s upward momentum remains dominant, though short-term corrections are inevitable.
He suggests that after the recent sharp gains, the silver market may experience a correction of around $10 per ounce. However, this is considered a healthy adjustment and is unlikely to alter the medium-term bullish trend for silver prices.
Investors are also monitoring geopolitical developments, following President Donald Trump’s comments that peace negotiations with Ukrainian President Volodymyr Zelenskiy have made “significant progress,” although a final agreement may still take weeks.
Despite the price decline, silver is up approximately 166% in 2025, supported by speculative capital, prolonged supply disruptions following the October short squeeze, central bank purchases, inflows into ETFs, and U.S. interest rate cuts, with markets increasingly anticipating further easing in 2026.
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