Key Takeaways
- Silver adds over $3.9 trillion in market cap over the past 12 months, outperforming stocks, crypto, and gold.
- Silver trades near record highs around $93 after rally pushes total market value above $5 trillion.
Silver has added more than $3.9 trillion in market capitalization over the past 12 months, surging nearly 200% and sharply outperforming major risk assets.
The rally has eclipsed gains in other precious metals such as Gold, which has risen about 70% over the same period, as well as equities and crypto.
Over the past year, silver has outpaced the S&P 500, which is up roughly 17%, and the Nasdaq Composite, which has gained about 21%. Risk assets such as Bitcoin have lagged significantly, with Bitcoin down roughly 4% over the past 12 months.
Silver has also surpassed major technology stocks and Bitcoin over the past 12 months, overtaking companies such as Nvidia, Alphabet, Apple, Microsoft, and Amazon in market capitalization.
The metal is now valued at more than $5 trillion, making it the second-largest asset by market cap globally, trailing only gold, which stands near $32 trillion.
Silver reached a new all-time high earlier this week, surging to nearly $93 on Wednesday. At press time Friday afternoon, prices had begun consolidating but remained constructive, trading around $89, roughly 3.5% below recent highs and still showing strong bullish momentum.
Source: https://cryptobriefing.com/silver-market-growth-outpaces-bitcoin/
