In a stunning turn of events, the silver rate today soared to a historic peak, briefly dethroning one of the world's technology titans. The precious white metal's remarkable rally has reshaped the global hierarchy of valuable assets, highlighting a significant shift in investor sentiment.
A Historic Peak and a Stunning Overtake
On Monday, 29 December 2025, silver extended its winning streak for the fifth consecutive session, smashing through the $80 per ounce barrier for the first time and ultimately touching a new all-time high of $84 per ounce. This explosive surge propelled its total net value to an estimated $4.65 trillion, according to data shared by the Kobessi Letter on its 'X' handle. At this valuation, silver momentarily eclipsed the market capitalisation of US chipmaking behemoth NVIDIA, which stood at $4.63 trillion after its stock closed at $190.53 per share the previous Friday. This made silver the second most valuable asset in the world, a position rarely held by a commodity.
The Rally and the Sharp Retreat
The dramatic ascent was fueled by a combination of a weakening US Dollar and escalating geopolitical tensions, factors that traditionally boost the appeal of safe-haven assets like precious metals. However, the record-breaking peak was short-lived. As reported by Reuters, the white metal soon encountered intense profit-booking, triggering a sharp correction. Within minutes of hitting the $84 high, silver prices retreated sharply, falling by as much as 5%. This volatility underscores the fierce trading activity driven by what analysts describe as a structural imbalance between supply and demand for the metal.
Broader Implications for Precious Metals
This event is not an isolated incident but part of a broader year-end rally across the precious metals complex. The unique market conditions have driven silver, gold, and platinum to achieve simultaneous all-time highs. The fact that a physical commodity like silver could surpass a high-flying tech stock in total value, even if briefly, signals a powerful flight to tangible assets amidst global uncertainty. It reflects deep-seated investor concerns and a search for stability beyond the equity markets.
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