MXV-Index hits all-time high, silver surpasses $100/ounce.

The global commodities market just concluded a booming trading week with overwhelming buying pressure across the board.

The MXV-Index surged 5.2%, setting a new record high at 2,646 points, with the energy sector becoming the focal point as natural gas prices on the NYMEX exchange skyrocketed by more than 70%.

Natural gas prices are soaring despite abundant reserves. Source: MXV

At the end of the week, February natural gas futures on the NYMEX surged more than 70%, to $5.28/MMBtu. In Europe, gas prices also climbed by about 40% in just a few sessions. This development was surprising given that data from the US Energy Information Agency (EIA) showed that gas inventories remained 6% higher than the five-year average.

According to the Vietnam Commodity Exchange (MXV) and international analytical organizations, this price surge does not stem from material shortages, but mainly reflects short-term risk aversion. The cold air mass that swept across the southern United States pushed heating demand to record levels, while also causing freezing of mining equipment, temporarily disrupting production.

In addition, geopolitical risks, defensive sentiment, and speculation have driven price volatility far beyond fundamental factors.

The price of silver has officially surpassed $100 per ounce. Source: MXV

In the precious metals market, COMEX silver prices surpassed $100 per ounce for the first time, closing the week at $101.33 per ounce, a sharp increase of 14.5% in just five sessions. This marks the third consecutive week of gains and the highest price in the commodity's trading history.

According to MXV, the surge in silver prices stems from geopolitical tensions and tariff risks, which have driven up demand for safe-haven assets. With gold prices remaining high, speculative capital is shifting to silver as an alternative. Simultaneously, the weakening US dollar, with the Dollar Index retreating to around 97.6 points, is supporting precious metals.

In the long term, the outlook for silver consumption is bolstered by record demand from green industries, such as solar panels, electric vehicles, and AI infrastructure, while inventories at COMEX and London continue to decline.

Source: https://hanoimoi.vn/mxv-index-lap-dinh-lich-su-bac-vuot-100-usd-ounce-731287.html