#Silver has just leap‑frogged #Microsoft to claim the fifth spot among the world’s largest assets, with its market capitalization swelling to about $3.59 trillion. The rally is being fueled by a mix of inflation worries, surging industrial use, and a softer U.S. dollar after the Federal Reserve trimmed rates by 25 basis points. The metal’s price has surged to roughly $63, representing a 150 % jump from the $25 level seen in early 2024. This marks the first time silver has reached such heights since its 2011 peak of $50.

Driving forces behind the move include:

Inflation‑hedge demand – investors are piling into silver to protect against rising prices and currency depreciation.

Industrial scarcity – expanding applications in energy, batteries and manufacturing are tightening supply.

Lower real yields – cheaper borrowing costs and looser liquidity are making silver more appealing.

With this boost, silver now ranks ahead of Microsoft (≈ $3.6 trillion) and Amazon (≈ $2.5 trillion), and it is closing in on Alphabet’s roughly $3.8 trillion valuation.