Silver’s Market Cap Nears NVIDIA Amid High Demand

Silver’s market cap approached NVIDIA at around $4.63 trillion, driven by heightened industrial demand and supply constraints. However, official sources do not confirm it has surpassed NVIDIA as previously claimed. Commodity prices have significantly influenced this trend. Key players such as Surendra Mehta and Manav Modi highlight China’s planned export restrictions starting January 1, 2026. These restrictions may further impact silver’s market dynamics, underscoring the metal’s growing economic role amidst supply issues.

“The way silver is moving, it is likely to be the second-most valuable asset, surpassing NVIDIA.” – Surendra Mehta, National Secretary, India Bullion and Jewellers Association (IBJA)

Silver’s rise impacts commodities markets but has limited direct effects on cryptocurrencies. Major financial shifts include potential Federal Reserve rate cuts, influencing broader economic conditions. Peter Schiff has identified silver as a valuable investment amid these changing dynamics.

With no major effects on cryptocurrencies like Ethereum or Bitcoin, silver remains driven by non-crypto factors. Elon Musk mentioned rising silver prices’ adverse effects on manufacturing, highlighting concerns in industrial sectors over these changes.

Silver’s growth mirrors past rallies during economic uncertainties. Supply deficits since 1979 have reinforced this trend. According to experts, despite high year-to-date growth, broader technological, financial, or regulatory outcomes remain speculative. New controls over silver may tighten market supply, suggesting potential impacts on global manufacturing. Historical patterns indicate sustained value increases under certain economic conditions, with market analysts closely monitoring this ongoing progression.