Silver Soars Past NVIDIA, Becomes World's 2nd Most Valuable Asset

• Silver's market cap hit $4.65 trillion, surpassing NVIDIA ($4.592 trillion) to become the world's second most valuable asset, behind gold ($31.598 trillion).
• COMEX spot silver price exceeded $79/ounce, and MCX domestic price reached an all-time high of 2,33,115 rupees/kg.
• Silver delivered a 153.14% return on MCX in one year, significantly outperforming gold's 79.75% return.
• The surge is driven by expected US Federal Reserve rate cuts, increased liquidity, a weaker dollar, geopolitical tensions, and a physical shortage of silver.
• China's upcoming export controls on silver from January 1, 2026, and a significant price difference between COMEX and Shanghai are further impacting the market.

Why It Matters: Silver has dramatically risen to become the world's second most valuable asset, driven by market dynamics and geopolitical factors.