Silver reaches a peak, commodity markets surge.

The global commodities market continued its bullish trend as buying pressure dominated for the third consecutive session.

Buying pressure dominated the metals market. Source: MXV

At the close of trading, the MXV-Index rose nearly 1.2%, to 2,559 points.

In the precious metals market, silver continued to be the focus of attention, extending its winning streak to a fourth consecutive session. At the close of trading, the spot price of silver on the COMEX exchange rose 5.9%, to $91.4 per ounce – its highest level ever. Since the beginning of 2026, the price of silver has increased by approximately 29%, outperforming many other asset classes.

According to the Vietnam Commodity Exchange (MXV), this upward trend is strongly supported by the shift of capital away from the USD.

Besides monetary factors, uncertainties surrounding the policy outlook of the US Federal Reserve (FED) also fuel demand for holding precious metals.

Domestically, global developments caused the price of 999 silver to surge on January 15th, surpassing 2.9 million VND/ounce in both Hanoi and Ho Chi Minh City.

The market for industrial raw materials is weakening. Source: MXV

Conversely, the industrial raw materials market is under downward pressure, led by cocoa prices which fell nearly 2.6% to $5,090 per ton.

According to MXV, cocoa prices weakened primarily due to improved supply prospects while global processing demand showed signs of stagnation. Forecasts suggest that cocoa grinding output in Europe and Asia may continue to decline year-on-year, reflecting a lack of full recovery in consumption.

However, cocoa inventories monitored by ICE remain low, acting as a support to limit a sharp decline in prices in the short term.

Source: https://hanoimoi.vn/bac-lap-dinh-thi-truong-hang-hoa-hung-phan-730155.html