When the market value is close to 4 trillion dollars, the silver record has reached more than 71 dollars
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Silver is up 138% in 2025, surpassing gold to become the fourth largest asset by market capitalization. Precious metals are benefiting from a weaker dollar, lower expectations, and increasing demand for risk hedges.
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Silver rose above the $71 mark at midday on Tuesday, extending a strong rally that made it one of the top-performing assets of 2025 to hit a new all-time high. The metal is now up roughly 138% year-to-date, outpacing gold's 70% gain and matching platinum's return.
With a market capitalization approaching $4 trillion, silver has become the fourth largest asset globally, according to CompaniesMarketCap data. Its value now sits just $30 billion below Apple, while Nvidia remains the second-largest asset at around $4.5 trillion.
The rise in precious metals comes as investors turn to them as a hedge against rising risks in stocks and digital assets. Gold hit an all-time high above $4,500 on Monday.
Analysts cite expectations of US monetary policy, a weak dollar and ongoing geopolitical tensions as key drivers of the move. Bullion prices have set multiple records this year, supported by US rate cuts and falling real yields. Goldman Sachs predicts that gold will reach $4,900 by December 2026.
The US dollar is down nearly 10% in 2025, on track for its worst annual performance in eight years. Investors broadly expect further weakness in 2026 as global growth improves and the Federal Reserve continues to ease policy.
