Vietnam Silver Prices Surge on July 29 Amid Global Market Pressures

The silver price has fluctuated on July 29 in Vietnam, showing an increase in reversal but still facing pressure.

According to Laodong.vn, as of 9:15 am on July 29, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Gem Company was listed at the threshold of 2.129 - 2.184 million VND/tael (buying - selling), an increase of 6,000 VND/tael on the buying side and an increase of 7,000 VND/tael on the selling side compared to yesterday morning.

The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at the threshold of 56,010 - 57,740 million VND/kg (buying - selling), an increase of 186,000 VND/kg on both buying and selling sides compared to yesterday morning.

Precious metals analyst Christopher Lewis notes that silver prices are under strong adjustment pressure due to the USD appreciating and cautious sentiment covering the market ahead of the US Federal Reserve's interest rate decision.