Spot silver’s (XAGUSD:CUR) whopping +174% rise this year has turned the metal into the third most valuable asset in the world, trailing only gold (XAUUSD:CUR) and Nvidia (NVDA) and outstripping tech titans such as Apple (AAPL), Alphabet (GOOGL), and Microsoft (MSFT).
According to CompaniesMarketCap, silver’s market cap stands at $4.485T. Gold tops the list with a market cap of $31.719T, followed by chip behemoth Nvidia (NVDA) at $4.638T. See the top 10 below:
CompaniesMarketCap
Spot silver (XAGUSD:CUR) last closed at $79.11/oz, a +173.9% YTD gain, after hitting a record high at $79.29 on Friday. Its meteoric advance has been fueled by supply constraints, its designation as a U.S. critical mineral, solid industrial demand, and a broader rally in precious metals driven by expectations of U.S. interest rate cuts and volatility amplified by low liquidity.
Also see:
Silver tops all-time high of $70/oz and these mining companies have taken notice
Silver explodes to record highs in 2025 — Hecla Mining skyrockets nearly 300%
Here are some silver- and silver-mining-focused exchange-traded funds: (SLV), (SIVR), (AGQ), (ZSL), (PSLV), (SIL), (SILJ), and (SLVP).