- Silver’s market capitalization surpasses Apple, ranking it third globally.
- Silver valued at $4.2 trillion, Apple at $4.1 trillion.
- Market reactions include high commodity demand and ETF inflows.
Silver’s market capitalization has surpassed Apple’s, positioning it as the third-largest asset globally, behind gold and Nvidia, according to data from 8marketcap on December 28.
This shift highlights the ongoing demand for hard assets amid economic uncertainty, though it bears no direct influence on cryptocurrency markets or blockchain-specific activities.
Silver’s $4.2 Trillion Valuation Topples Apple
A notable shift occurred as silver’s total market capitalization recently exceeded $4.2 trillion, overtaking Apple’s $4.1 trillion valuation. This shift was recognized by platforms like CompaniesMarketCap, ranking silver as the third-largest global asset.
Global markets are witnessing increased interest in commodities, with strong demand linked to industrial growth and ETF dynamics fueling silver’s valuation surge. Apple’s position slipped relatively, yet no significant change occurred concerning its core business operations.
Reactions in the financial sector emphasize silver’s potential ascent, possibly overtaking Nvidia next. Surendra Mehta, National Secretary, India Bullion and Jewellers Association (IBJA), highlighted, “The way silver is moving, it is likely to be the second-most valuable asset, surpassing NVIDIA.”
Silver’s Rise amid Bitcoin and Commodity Trends
Did you know? Silver’s recent market cap increase marks the first time since its early 2000s price surge that it has outpaced major tech firms like Apple, indicating growing investor interest in commodities.
Bitcoin (BTC) has experienced modest fluctuations, with its current price at $87,698.35 and a market cap of $1.75 trillion, dominating 58.97% of the market. It noted a 0.32% rise over 24 hours despite significant volume drops, according to CoinMarketCap data.
The Coincu research team emphasizes silver’s rise as a long-term investment signal for hard assets, particularly given the potential ease in Federal Reserve policies. While no direct crypto consequences are noted, overall industry sentiment remains bullish on commodities’ roles.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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