Silver overtakes Nvidia to become the second-most valued asset in the world

Silver overtake NVIDIA

• Silver overtakes NVIDIA as the world's second-most valued asset after gold
• Silver's market cap hits $4.822 trillion, surpassing NVIDIA's $4.502 trillion
• Silver prices surged 190 percent in a year, driven by strong industrial demand

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Silver has overtaken American chip giant Nvidia in terms of market capitalisation to become the world’s second-most valued asset after gold.

On January 13 morning,  silver which has been hitting record highs, had a market capitalisation of $4.822 trillion, according to companiesmarketcap.com, ahead of Nvidia's $4.502 trillion. Gold commanded market capitalisation of $32.036 trillion, as of Tuesday (January 13, 2026).

Moneycontrol earlier reported that the silver was on its way to emerge as the second-most valuable asset, surpassing Nvidia.

The spot price of silver on Comex surpassed $86 an ounce on January 12 and continued to surge to a record-level peak. On MCX, too, it hit an all-time high of Rs 2,71,352 for a 1 kilogram.

The NVIDIA Corporation stock was at $184.94,  a gain of 0.04 percent in the last 24 hours but a decline of 1.23 percent in a week.

Outlook: Will silver continue its momentum?

On MCX, silver was trading at Rs 2,70,851 at 10.30 am, up 190 percent from Rs 93,400 a year ago.

According to the Augmont Bullion report, the silver rally started from $45 in October 2025 and extended up to $82.7 in December 2025. The report, citing Fibonacci extension, further said the rally could extend towards $84, $88, $93 and $99 in the coming months with strong support at $70.

Gold, on the other hand, has given a return of approximately 79 percent during teh period, rising from Rs 79,630 to Rs 1,42,180 for 10 grams of 24-carat purity.

The gold-silver ratio declined from 110 to the recent low of 65 through 2025, indicating that the white metal rose far faster than gold.

While silver benefited from a dual advantage in 2025 – from robust industrial demand linked to the energy transition, solar installations, electrification, and technology investments—  gold cashed in on safe-haven flows amid geopolitical and policy uncertainty.