Silver Soars Past Apple, Becomes World's Third Most Valuable Asset

• Silver futures surged past $71 an ounce, marking a nearly 150% year-to-date advance.
• Its market capitalization reached $4.04 trillion, surpassing Apple's $4.02 trillion, making it the third most valuable asset globally after Gold and Nvidia.
• The rally is fueled by expectations of continued US Federal Reserve rate easing, strong industrial demand, and robust ETF inflows.
• Warehouse inventories at the Shanghai Futures Exchange hit their lowest since 2015, indicating tight supply.
• Despite an 'overbought' RSI of 80, investors continue to buy, treating current prices as reference points within ongoing trends.

Why It Matters: Silver's record rally propels it past Apple, securing its spot as the world's third most valuable asset.