Silver price today, May 29, 2026: Strong increase.

Today, May 29th, silver prices surged across the board, notably in the silver bullion group, with Phu Quy increasing to 2.56 – 2.64 million VND/kg, and Ancarat silver prices also rising sharply.

Domestic silver prices today, May 29, 2026

At the opening of trading on the morning of May 29th, Sacombank 's silver bar price unexpectedly surged to 2.871-2.961 million VND/ounce, and silver ingots also jumped to 76.56-78.96 million VND/kg (buy - sell). Compared to the closing price of yesterday's trading session, Sacombank's silver bar price increased by 72,000 VND/ounce in both buying and selling directions, while silver ingots skyrocketed by 1.92 million VND/kg in both directions.

In the fourth price adjustment, the price of silver bars of this brand increased to 76.8-79.2 million VND/kg.

In Phu Quy, the price of silver bars opened trading at 2.879-2.968 million VND/ounce (buy - sell), a sharp increase of 111,000-114,000 VND/ounce in both buying and selling prices compared to yesterday's closing price.

The price of silver bars of this brand also surged by 2.96 million VND/kg on the buying side and increased by as much as 3.04 million VND/kg on the selling side compared to yesterday's closing price, reaching 76.77-79.15 million VND/kg (buy - sell).

Following a sharp upward trend, Ancarat's silver bar price opened trading this morning at 2.867-2.956 million VND/ounce, while the price of silver ingots was 76.45-78.83 million VND/kg (buy - sell). Compared to yesterday's closing price, Ancarat's silver bar and ingot prices increased by 65,000-67,000 VND/ounce and 1.73-1.79 million VND/kg (buy - sell) respectively.

Today's silver price list in the two largest markets, Hanoi and Ho Chi Minh City, on May 29, 2025:

Type	Unit	Silver prices in Hanoi		Silver prices in Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 kg	1,062,000	1,092,000	1,064,000	1,097,000
	1 kg	28,317,000	29,115,000	28,369,000	29,266,000
99.99% Silver	1 tael	1,070,000	1,100,000	1,071,000	1,102,000
	1 kg	28,523,000	29,327,000	28,565,000	29,378,000

Latest silver price list at Phu Quy Gold, Silver and Gemstone Group as of May 29, 2025:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,271,000	1,310,000
999 Gold Ingots	1 kg	33,893,249	34,933,246

Domestic silver bar price list for May 29, 2026, updated at 8:30 AM:

*Unit: Million VND/ounce
Price of silver bars		May 29, 2026		Change
		Buy	Sell	Buy	Sell
Phu Quy Group	Phu Quy 999 Silver Bar	2,881	2,970	0.096	0.099
Sacombank Bank	Silver Gold-Fortune-Prosperity SBJ 999	2,880	2,970	0.090	0.090
Ancarat Precious Metals Company	2024 Ancarat 999 Silver Bar - 1 tael	2,943	2,869	0.177	-0.004
DOJI	DOJI 99.9% SILVER	2,872	2,976	0.111	0.114

World silver price today, May 29, 2026

On the global market, silver is attracting investor capital due to strong buying pressure. Accordingly, at 10:05 AM on May 29th (Vietnam time), the spot price of silver was trading at $75.6 per ounce, an increase of $0.06 per ounce. The price of silver futures contracts for July delivery also surged to $76.16 per ounce, an increase of nearly $0.25 per ounce.

Silver prices had previously plunged below $74 per ounce during Thursday's trading session, at one point touching a four-week low, following reports that the US was continuing airstrikes against an Iranian military site.

This development has heightened concerns about the prospects for peace negotiations, while inflationary pressures and interest rates remain a central focus of the market.

Silver price forecast

Silver prices continued to face downward pressure on Wednesday as investors remained cautious about interest rate prospects and shifts in global financial markets.

The escalating tensions in the Middle East are also becoming a major factor influencing the trading sentiment of precious metals investors.

According to Christopher Lewis, a precious metals analyst at FX Empire, the silver market remains volatile and subject to many unpredictable factors.

In his latest report on the precious metals market, Michael Widmer, Head of Metals Research at Bank of America (BofA), continues to maintain a positive outlook on silver. According to BofA, the price of silver could reach $100 per ounce in the fourth quarter of this year. However, he believes this upward trend will be difficult to sustain in the long term.

"If gold prices continue to rise sharply, silver could easily surpass $100 per ounce in the coming months. However, we do not believe silver will sustain its superior gains in the long term due to weakening underlying demand," the analysis team stated.

In the long term, BofA forecasts that silver prices could return to around $75 per ounce by the second quarter of 2027.

According to experts, the biggest obstacle for silver today is its excessively high price, forcing many industries to find ways to reduce their silver usage or replace it with lower-cost materials.

Notably, industrial demand for silver peaked last year as manufacturers ramped up silver reductions in their products to ease cost pressures, according to BofA. This trend is even more pronounced given the slowdown in solar panel production in China and the potential decline in solar power projects this year.

The bank believes that silver will increasingly be traded more like a precious metal than an industrial metal. "Investors are likely to be the deciding factor in silver price trends in the near future," the report emphasizes.

Despite becoming more cautious about silver, Michael Widmer's team of experts still believes silver plays a crucial role in the solar energy industry and demand will not "plummet," even if high prices limit consumption. The conflict in Iran continues to drive demand for green energy and alternatives to oil.

According to experts, the biggest risk right now is that silver could be drawn into trade negotiations as the U.S., Canada, and Mexico begin renegotiating the North American Free Trade Agreement.

The US global trade war and the threat of tariffs on silver have forced precious metals banks and market participants to maintain large inventories in the US, narrowing the supply to international markets.

Source: https://nongnghiepmoitruong.vn/gia-bac-hom-nay-29-5-2026-bat-tang-manh-d813745.html