Silver Briefly Overtakes Nvidia to Become World's Second-Largest Asset by Market Cap
Published on: Jan. 7, 2026, 11:34 a.m. | Source: scanx.trade
Silver briefly surpassed Nvidia to become the world's second-largest asset by market capitalisation, reaching $4.57 trillion compared to Nvidia's $4.559 trillion. The precious metal's rally reflects strong industrial demand from electric vehicles, solar panels, and AI infrastructure, combined with five consecutive years of supply deficits and near-historic low inventories. Geopolitical tensions and potential U.S. trade restrictions have added to silver's appeal, while its fragile market structure amplifies price movements amid global shortages.
