MXV-Index reaches 5-year high

Strong capital inflows into global commodity markets pushed the MXV-Index up nearly 2.8%, to 2,513 points – its highest level in the past five years.

The metals market is dominated by green. Source: MXV

In the metals market, overwhelming buying pressure swept across the group as all 10 commodities rose in price. Silver was the most prominent, surging more than 7.2% in the session, reaching a new record high of $85.09 per ounce.

According to the Vietnam Commodity Exchange (MXV), the recent surge in silver prices did not stem from typical supply-demand fluctuations, but primarily from a defensive stance against policy risks and declining confidence in USD-denominated assets.

The latest report from the US Commodity Futures Trading Commission (CFTC) shows that investment funds have increased their net long positions in silver to 15,822 contracts, up approximately 13% from the previous week, further reinforcing the upward momentum of this commodity.

In the domestic market, the price of 999 silver increased by more than 5.5% on January 13th, trading above 2.75 million VND/ounce in Hanoi and Ho Chi Minh City.

Many agricultural products have seen price reductions. Source: MXV

Conversely, agricultural commodities faced strong downward pressure, with corn prices on the CBOT exchange plummeting by more than 5.4%, falling to $165.9 per ton – the lowest level since October 2025.

According to MXV, the main reason stems from the January Global Agricultural Supply and Demand Report (WASDE), when the US Department of Agriculture (USDA) unexpectedly raised its forecast for corn production in the 2025–2026 crop year significantly.

Globally, corn inventories also rose to 291 million tons, clearly reflecting the oversupply situation.

Source: https://hanoimoi.vn/mxv-index-lap-dinh-5-nam-729914.html