Silver’s Breakout Pushes It Ahead of Nvidia by Market Cap
Silver has quietly climbed past NVIDIA in global market capitalization, marking a notable shift in how capital is being allocated across asset classes.
With silver now valued above $5 trillion, the metal has moved ahead of one of the world’s most dominant technology stocks, underscoring renewed interest in hard assets amid elevated volatility in equities.
Key takeaways:
- Silver has overtaken Nvidia in global market capitalization
- Capital is rotating from mega-cap tech toward hard assets
- Industrial demand and inflation hedging are driving interest
- Technical indicators point to trend strength rather than exhaustion
The move places silver second only to gold among the world’s largest assets, ahead of several mega-cap technology names. While tech stocks have led markets for much of the past decade, silver’s rise suggests investors are increasingly seeking exposure to assets tied to physical demand, inflation hedging, and supply constraints rather than earnings multiples.
Silver’s advance has been supported by strong industrial demand, particularly from electronics, solar manufacturing, and energy transition infrastructure. At the same time, its monetary role has regained relevance as investors reassess risk following sharp equity rallies and stretched valuations in parts of the technology sector.
Technical picture: momentum remains constructive
From a technical standpoint, silver’s recent price action shows sustained bullish structure rather than a short-lived spike. The metal is trading near the upper end of its recent range, holding above key short-term support around the $88–$89 zone, with price consolidating rather than breaking down after its latest advance.
Momentum indicators remain supportive. The Relative Strength Index has pushed into the low 70s, signaling strong momentum without yet showing clear bearish divergence. Historically, silver has been able to remain overbought for extended periods during trending moves, particularly when volume expands alongside price.
The Moving Average Convergence Divergence indicator continues to trend positive, with the signal line holding above the zero level. While short-term pullbacks remain possible, the broader structure points to consolidation within an uptrend rather than exhaustion.
Volume dynamics reinforce the picture. Trading activity has remained elevated during advances and has not collapsed during pullbacks, suggesting distribution has been limited. This behavior is consistent with accumulation rather than speculative blow-off conditions.
Silver’s ability to hold above prior resistance — now acting as support — will be critical in determining whether the metal can push toward the $92–$94 area in the near term. A sustained break above that zone would likely bring renewed momentum interest and further reinforce its leadership among non-equity assets.
A symbolic shift in market leadership
Silver surpassing Nvidia in market capitalization is not just a numerical milestone. It reflects a broader recalibration underway in global markets, where investors appear increasingly willing to rotate away from crowded equity trades and toward assets with tangible utility and scarcity.
While technology remains central to long-term growth narratives, silver’s resurgence highlights that capital does not move in a straight line. For now, the metal’s combination of industrial relevance, monetary characteristics, and technically sound structure has placed it firmly back in the spotlight — and ahead of one of the most influential stocks of the modern market cycle.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
