Silver prices have fallen sharply since early August.

Coffee was the bright spot providing traction for the raw material market, while silver led the decline, losing nearly 2%.

According to the Vietnam Commodity Exchange (MXV), at the end of the session, the MXV-Index extended its recovery streak to the fourth day, increasing by 0.4% to 2,177 points.

The market for industrial raw materials maintained green.

Source: MXV

Green continues to be maintained on most items in the industrial raw materials group. Notable among them are two coffee items.

Arabica coffee prices increased by nearly 3.8% to $7,070 per ton while Robusta coffee prices recorded an increase of nearly 4.4% to $3,664 per ton.

According to MXV, concerns about a shortage of Arabica coffee supply supported the rise of coffee prices in yesterday's session. Many producers forecast that Brazil's coffee output in the 2025-2026 crop year will decrease sharply, with Arabica output alone likely to decrease by 12% to 30%.

In the domestic coffee market, sales at export warehouses continue to remain low. It is expected that coffee will not be harvested until October or November, so warehouses are not in a hurry to import goods but are mainly waiting for clearer signals from the market.

The metal commodity market weakened. Source: MXV

According to MXV, the metal market also attracted investors' attention when leading the decline.

In precious metals, silver prices ended the session down nearly 2% to $37.79/ounce, the deepest one-day drop since early August.

One factor that weighed on silver prices was the greenback’s recovery. The DXY index rose 0.35% to 98.52, making dollar-priced silver more expensive for holders of other currencies.

In the domestic market, silver prices on the morning of August 12 decreased by more than 1% compared to the previous session, down to 1,188,000 - 1,222,000 VND/tael in Hanoi and 1,190,000 - 1,228,000 VND/tael in Ho Chi Minh City, closely reflecting the international price movements.

Source: https://hanoimoi.vn/gia-bac-giam-sau-tu-dau-thang-8-712278.html