World silver prices fall amid various fluctuations.

Silver prices experienced a volatile trading week as market sentiment was constantly influenced by geopolitical tensions and a series of key economic data releases from the US.

According to the market report for the first week of June 2026 from Phu Quy Gold, Silver and Gemstone Group, the price of Phu Quy silver bars ended the week around VND 76.03 million/kg for buying and VND 78.37 million/kg for selling, a decrease of approximately 0.3% compared to the previous week. At the time of reporting, the price of Phu Quy silver bars was trading around VND 78.5 million/kg.

A representative from Phu Quy Group commented that although the market experienced a downward correction, the magnitude was not significant, indicating that investor sentiment remains relatively stable after the previous recovery period. According to the company, silver is still receiving support from industrial and investment demand amidst global economic uncertainties.

The silver market is experiencing significant volatility due to US-Iran tensions.

On the global market, spot silver closed the week at $75.3 per ounce, down 0.31% from the previous week but still up 5.72% year-to-date. Meanwhile, Comex silver futures for July 2026 reached $75.58 per ounce, down 0.43% week-to-date and up 6.8% year-to-date. Shanghai silver futures for December 2026 fell 1.3% this week to 18,400 CNY/kg.

According to reports, global silver prices fluctuated sharply last week due to continuous reactions to news of the conflict in Iran. New statements and military actions from both sides increased concerns about inflation risks, keeping the market in a cautious trading state.

By the end of the week, silver prices recovered after news emerged that the US and Iran had reached a 60-day memorandum of understanding to extend the ceasefire. However, the market is still awaiting the official signing decision from President Donald Trump, so developments related to the negotiations are still considered a factor that could strongly influence the short-term trend of silver prices.

Besides geopolitical factors, the market is also closely monitoring US economic data to be released this week, such as the ISM manufacturing PMI, JOLTs employment data, ISM services PMI, and especially the non-farm payrolls report.

According to Phu Quy Group, US employment data will play a crucial role in shaping monetary policy expectations for the Federal Reserve (Fed), especially given that the market remains sensitive to inflation and volatility in US bond yields.

Silver supply is improving.

Regarding market data, silver inventories at the Shanghai Futures Exchange (SHFE) increased slightly by about 1.2 tonnes last week, reaching approximately 988 tonnes. Meanwhile, silver inventories at COMEX increased by about 81.9 tonnes, reaching nearly 9,844 tonnes.

The report suggests that the rebound in COMEX inventories indicates signs of improving silver storage supply in the US market. However, the small fluctuations in the SHFE reflect relatively stable demand for physical silver in China.

According to technical analysis, Comex silver is currently in a sideways consolidation phase after a sharp decline from the $89.9/ounce region. The price is fluctuating between $72.5 and $79/ounce, and there is no clear signal confirming a reversal.

Phu Quy's experts believe that the $72.5/ounce level is currently a crucial support level for the market. If the price continues to hold this level, silver could maintain its consolidation phase and recover to the $79/ounce level, or even further to the $83/ounce mark.

In the short term, the silver market is expected to remain highly volatile, driven by the progress of US-Iran negotiations and new signals from US monetary policy.

Source: https://congthuong.vn/gia-bac-the-gioi-giam-truc-nhieu-bien-dong-459318.html