Silver's Market Cap Surges $3.9 Trillion in 12 Months, Outperforming Major Assets

Silver has seen an extraordinary increase in market capitalization, adding over $3.9 trillion in the last 12 months. This surge represents a nearly 200% rise, significantly outperforming major risk assets such as stocks, cryptocurrencies, and other precious metals. While gold has appreciated by approximately 70% in the same timeframe, silver's rally has left behind traditional equities like the S&P 500, which is up roughly 17%, and the Nasdaq Composite, which has gained about 21%.

Moreover, silver has outpaced leading technology stocks and Bitcoin, overtaking companies such as Nvidia, Alphabet, Apple, Microsoft, and Amazon in market capitalization. Now valued at more than $5 trillion, silver ranks as the second-largest asset by market cap globally, only behind gold, which is near $32 trillion.

Recently, silver reached a new all-time high, hitting nearly $93 earlier this week. As of Friday afternoon, the prices have consolidated around $89, about 3.5% below the recent peak, yet continue to exhibit strong bullish momentum.