Silver Surpasses Microsoft to Become the World’s 5th Largest Asset

New Delhi: The white metal has had a phenomenal run this year. Silver has now overtaken tech giant Microsoft to become the world’s fifth-largest asset — a landmark moment for the precious metal market.

Silver Crosses $63 per Ounce for the First Time
In the international market, silver prices have surged past $63 per ounce for the first time ever. With this rally, silver’s total market value has climbed to $3.593 trillion, slightly higher than Microsoft’s $3.59 trillion valuation.

This historic rise marks one of silver’s strongest bull runs. Since the beginning of 2025, when the metal traded near $29 per ounce, silver has gained more than 115%, doubling the value of investments made just eleven months ago.

Ahead of Microsoft and Amazon
With the latest surge, silver has moved ahead of both Microsoft and Amazon, the latter currently valued at $2.46 trillion. However, it still trails behind Alphabet, which commands a market cap of approximately $3.8 trillion.

In just a few months, silver has transitioned from a relatively stable commodity to one of the most watched and highly valued global assets — rewriting the rankings of the world’s financial heavyweights.

What’s Driving the Rally?
Expectations of an interest rate cut by the US Federal Reserve in December have significantly boosted investor sentiment. Lower interest rates reduce the opportunity cost of holding non-yielding assets like silver, making them more attractive in times of economic uncertainty.

Haresh V, Head of Commodity Research at Geojit Investments, explains:
“Persistent inflation coupled with the Fed’s decision to reduce benchmark rates by 25 bps to 3.50%–3.75% has strengthened bullish sentiment in precious metals. Lower rates enhance investor appetite for gold and silver, attracting fresh inflows. Bullion was already at record highs, and this policy shift further accelerates the rally, as investors seek safety amid inflationary pressure and global uncertainty.”

(Disclaimer: The recommendations, views, and opinions expressed by experts are their own and do not represent the views of Navbharat Times.)