Silver prices today, April 29th: Plummeting, falling below 76 million VND/kg.
Today, April 29, 2026, silver prices fell sharply across the market, with silver bars dropping to around 76 million VND/kg. This downward trend was observed across all major brands, reflecting the downward pressure from global silver prices.
Domestic silver prices are now entering a sharp decline after a previous period of rapid increases, with drops ranging from tens of thousands of dong per tael to nearly 2 million dong per kilogram. This is one of the sharpest declines in the short term.
Silver prices fell sharply today for both silver bars and ingots.
Today's silver prices saw a significant decrease in the silver bar segment. Specifically, Phu Quy 999 silver bars were listed at 2.782 million VND/ounce for buying and 2.868 million VND/ounce for selling, a decrease of approximately 70,000 – 72,000 VND/ounce compared to the previous session.
DOJI 99.9 silver prices fell even further, to 2.77 million VND/ounce for buying and 2.876 million VND/ounce for selling, a decrease of 72,000 – 74,000 VND/ounce. This is the sharpest drop among silver bars.
Ancarat 999 silver bars (1 tael) also fell to 2.777 – 2.845 million VND/tael after losing approximately 64,000 – 66,000 VND/tael. Sacombank's Kim – Phuc – Loc SBJ 999 silver traded around 2.775 – 2.865 million VND/tael, a uniform decrease of 63,000 VND/tael.
In the silver bullion segment, today's silver prices fell much more sharply. Phu Quy 999 silver bullion decreased by nearly 1.9 million VND/kg, down to 74.186 – 76.479 million VND/kg.
DOJI's 99.9% pure silver bar price experienced the sharpest decline in the market, falling to 73.866 million VND/kg for buying and 76.693 million VND/kg for selling, losing nearly 2 million VND/kg in just one trading session.
999 SBJ silver bars at Sacombank have decreased by approximately 1.68 million VND/kg, currently ranging from 74,000 to 76,400 million VND/kg. 999 Ancarat silver bars have also fallen to 73,146 to 75,366 million VND/kg.
World silver prices are fluctuating slightly, with no reversal in trend yet.
World silver prices are currently fluctuating around $73.05 – $73.30 per ounce, a slight increase of about $0.10 compared to the previous session. This is considered a technical rebound after a recent series of declines.
Silver futures traded around $73.10 per ounce, down slightly by about 0.16%. During the session, the price briefly retreated to the $72 per ounce region before recovering, indicating that bargain-hunting demand emerged but was not strong enough to reverse the trend.
Reasons for the sharp drop in silver prices.
Today's silver price decline is primarily due to profit-taking pressure after a period of rapid increase. This is a common reaction when the market shows signs of weakening upward momentum.
Furthermore, concerns about inflation and the likelihood of maintaining high interest rates increase the opportunity cost of holding precious metals. When interest rates are high, money tends to flow into income-generating assets, reducing the attractiveness of silver.
Geopolitical developments and rising energy prices are also creating significant volatility in commodity markets, indirectly putting pressure on silver prices.
Silver price forecast: The trend remains highly volatile.
According to the World Bank's forecast, the average price of silver in 2026 could reach around $70 per ounce, a significant increase compared to the previous year. However, the price may decline slightly in 2027 as the market stabilizes.
In the short term, silver prices are considered sensitive to market sentiment and speculative flows. If the global economy weakens, decreased industrial demand could drag silver prices down.
