Home / Business and Economy / Silver Surges Past Apple: A New Financial King?
Silver Surges Past Apple: A New Financial King?
24 Dec
Summary
- Silver's market capitalization reached $4.04 trillion, surpassing Apple.
- Silver futures crossed $71 per ounce, a 150% year-to-date gain.
- Silver is now the world's third-most valuable asset, behind gold and Nvidia.
Silver has achieved a monumental milestone, now ranking as the third most valuable asset worldwide, having surpassed tech behemoth Apple Inc. The precious metal's market capitalization currently stands at an impressive $4.04 trillion as of Tuesday's closing on Wall Street. This valuation eclipses Apple's $4.02 trillion, marking a significant shift in global financial hierarchies.
This ascent is fueled by a continuous rally in global silver markets. Futures for the commodity have broken the $71 per ounce mark, contributing to a staggering year-to-date advance of nearly 150%. This performance underscores a powerful bullish trend for silver, attracting significant investor attention and capital.
With this historic valuation, silver now sits below only gold and Nvidia in terms of global asset worth. The implications of this shift are profound, highlighting silver's growing importance not just as a commodity, but as a major financial asset.
