Silver Market Cap Hits $5 Trillion Milestone, Dethroning Nvidia as World's Second-Largest Asset

Recent market tracking data reveals a striking shift in the global asset rankings: silver’s market cap has now climbed above $5 trillion, specifically reaching $5.037 trillion according to market capitalization analytics. This achievement marks a significant moment in financial markets, as the precious metal now claims the position of second-most valuable asset class worldwide—surpassing the tech giant Nvidia in the process.

The Latest Market Cap Rankings: Silver Ascends Above Nvidia

The updated rankings paint a clear picture of how quickly market dynamics can shift. Silver now stands as the world’s second-largest asset by market cap, a position it recently reclaimed from Nvidia. Only gold maintains a higher valuation, commanding a market cap of $32.071 trillion. The gap between these top commodities underscores the enduring appeal of precious metals in global financial markets. What makes this development particularly noteworthy is how recently these positions were contested—Nvidia held the second-place ranking just weeks ago, demonstrating the volatility inherent in asset valuations.

Tracking Silver’s Rapid Rise Over Recent Weeks

The trajectory of silver’s market cap tells an interesting story of market momentum. Earlier this month on January 7, silver’s market cap stood at $4.63 trillion as it first overtook Nvidia for the number-two spot. In just the span of a few weeks, silver market cap has expanded further to surpass the $5 trillion threshold. This nearly $400 billion increase in market valuation highlights the rapid movement in precious metal markets and investor sentiment shifts. The data suggests that silver continues to attract capital flows, pushing its market cap higher and maintaining its commanding position above technology sector valuations.

The broader implication: as silver market cap continues climbing, it reinforces gold’s dominance while relegating even major technology firms to third place in global asset rankings—a remarkable positioning shift in a remarkably short timeframe.