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flag Silver’s value surged past $4.2 trillion in late 2025, nearing NVIDIA’s market cap, driven by AI demand and supply shortages.

flag Silver's market capitalization reached $4.22 trillion by late December 2025, surpassing Apple and Alphabet and nearing NVIDIA’s $4.59 trillion, making it the world’s second-most valuable asset behind gold. flag Driven by surging industrial demand—especially from AI data centers using silver for thermal management—alongside tight physical supply and a financial short squeeze, silver prices hit record highs above $75 per ounce on Comex and Rs 233,115 per kilogram on India’s MCX exchange. flag The rally, fueled by strong investment interest and supply constraints, outpaced gold and major tech stocks, with analysts noting a structural shift toward energy-transition metals and growing global market distortions.

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