Silver overtook Google to become the 4th-largest asset by market capitalization.

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Silver has overtaken silver to become the fourth largest asset by market capitalization. Supportive equipment and strong demand for renewable energy, electric vehicles and data centers are leading the rally.

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Silver has surpassed Google's parent company Alphabet to become the world's fourth-largest asset by market capitalization, hitting about $3.7 trillion as the price fell above $66 for the first time.

The opportunity came just days after the metal-jumping tech giant Microsoft became the world's fifth-richest person.

Silver is up more than 125% this year, as investors continue to pile on inflation and industrial alternatives to gold and digital assets.

The recent rally comes amid a mixed U.S. labor report showing rising unemployment but strong payrolls. Markets expect the Fed to hold rates in January, and investors are eyeing upcoming inflation data and Fed comments. The increase was driven by tight supply and growing industrial and retail demand.

Silver is now closing in on Apple's nearly $4 trillion valuation.