#How Has Silver Performed in the Market?
Silver has made significant strides over the past year, adding more than $3.9 trillion in market capitalization. This impressive surge equates to nearly 200%, positioning silver as a standout performer among major investment assets.
In contrast to other assets, silver has outperformed gold, which has seen a gain of approximately 70%, as well as stocks and cryptocurrencies. The S&P 500 has increased by around 17%, while the Nasdaq Composite has risen about 21%. Meanwhile, Bitcoin has struggled, posting a loss of roughly 4% in the same timeframe.
#What Is Driving Silver's Rise?
The meteoric rise of silver has led it to surpass the market capitalizations of renowned tech giants such as Nvidia, Alphabet, Apple, Microsoft, and Amazon. Currently, silver's total market value stands at more than $5 trillion, making it the second-largest asset globally by market cap, just behind gold, which is valued at approximately $32 trillion.
In recent trading, silver prices reached an all-time high close to $93, although they have since consolidated to around $89. This price point represents a mere 3.5% decrease from its recent record highs, yet the momentum remains robust, indicating potential for continued growth. Investors should remain vigilant in tracking silver's performance as it offers unique opportunities relative to other investment classes.