Silver gained more than $3.9 trillion in market value in 12 months, overshadowing stocks, crypto and gold.

Key receivers

Silver has added more than $3.9 trillion in market value over the past 12 months, outperforming stocks, crypto and gold. Silver trades around $93 after the total market cap pushes past $5 trillion.

Share this article

Silver has added more than $3.9 trillion in market capitalization over the past 12 months, a nearly 200% increase and significantly outperforming major risk assets.

The rally eclipsed gains in other precious metals such as gold, which rose nearly 70% over the same period, as well as stocks and crypto.

Silver has outperformed the S&P 500, which has gained roughly 17%, and the Nasdaq Composite, which has gained roughly 21%, over the past year. Risky assets like Bitcoin have lagged significantly, with Bitcoin down roughly 4% over the past 12 months.

Silver has outperformed major tech stocks and bitcoin in market capitalization over the past 12 months, surpassing companies such as Nvidia, Alphabet, Apple, Microsoft and Amazon.

The value of the metal is now estimated at more than $5 trillion, making it the second largest asset globally by market value, with gold alone accounting for nearly $32 trillion.

Silver hit new highs earlier this week, hitting $93 on Wednesday. Prices started to firm at the press conference on Friday afternoon but remained constructive, trading around $89, roughly 3.5% below recent highs and still showing strong progress.