Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 2,859,000 VND/ounce (buying price) and 2,947,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the domestic silver price is currently listed at 2,389,000 VND/ounce (buying price) and 2,419,000 VND/ounce (selling price). In Ho Chi Minh City, the silver price is currently at 2,391,000 VND/ounce (buying price) and 2,425,000 VND/ounce (selling price). The world silver price is currently at 1,936,000 VND/ounce (buying price) and 1,941,000 VND/ounce (selling price).
Specifically, here is the latest information on domestic silver prices in the two largest markets, Hanoi and Ho Chi Minh City, as of May 20, 2026:
| Silver type | Unit | Hanoi City (VND) | Ho Chi Minh City (VND) | ||
| Buy | Sell | Buy | Sell | ||
| 99.9% Silver | 1 tael | 2,389,000 | 2,419,000 | 2,391,000 | 2,425,000 |
| 1 kg | 63,718,000 | 64,516,000 | 63,770,000 | 64,667,000 | |
| 99.99% Silver | 1 tael | 2,397,000 | 2,427,000 | 2,399,000 | 2,429,000 |
| 1 kg | 63,924,000 | 64,728,000 | 63,966,000 | 64,779,000 | |
Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on May 20, 2026:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Phu Quy 999 Silver Bars and Ingots | 1 tael | 2,859,000 | 2,947,000 |
| 999 Gold Ingots | 1 kg | 76,239,809 | 78,586,470 |
Latest update on world silver prices as of May 20, 2026:
| Unit | VND | |
| Buy | Sell | |
| 1 ounce | 1,936,000 | 1,941,000 |
| 1 tael | 233,396 | 234,032 |
| 1 tael | 2,334,000 | 2,340,000 |
| 1 kg | 62,239,000 | 62,408,000 |
On the world market, the price of silver is quoted at $76.28 per ounce.
The silver market is entering a period of high volatility as it simultaneously faces pressure from US interest rate policies and escalating geopolitical tensions in the Middle East.
At the beginning of the week, silver prices plummeted due to investor caution amid uncertain signals from the US Federal Reserve (FED). However, after the initial sharp decline, bargain-hunting demand quickly emerged, helping the market recover significantly. This development shows that investors still have expectations that the precious metal will benefit if the US soon eases monetary policy.
Christopher Lewis, a precious metals expert at FX Empire, believes that the $80/ounce level is currently acting as a crucial support level for the silver market. If the price maintains its recovery momentum from this area, silver could continue its upward trend towards $90/ounce in the near future.
According to FX Empire experts, a price level around $80 per ounce is currently considered relatively appropriate as the market has not yet seen major fluctuations in supply and demand. The main influencing factor at this time remains expectations related to US interest rates.
Furthermore, geopolitical tensions in the Middle East continue to make trading sentiment more sensitive. Investors are closely monitoring the risk of the US expanding military activities in the region, as escalating instability could drive capital towards safe-haven assets such as precious metals.
While maintaining a positive medium-term outlook, Christopher Lewis also warned that silver prices could fall to around $60 per ounce if they lose the $70 per ounce support level, especially if the Fed continues to maintain high interest rates for an extended period. However, he believes this is not yet the primary scenario for the market.
Source: https://congthuong.vn/gia-bac-hom-nay-20-5-2026-bac-suy-giam-457363.html
![[Photo] General Secretary and President To Lam and the President of the Philippines hold talks.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/06/01/1780286997787_anh-man-hinh-2026-06-01-luc-11-09-43.png)
Comment (0)