Silver overtakes Google to become the 4th-largest asset by market cap
Crypto Briefing
Silver has surpassed Alphabet (Google's parent company) to become the fourth-largest asset globally by market capitalization.Summary
Silver has surged past Alphabet, Google's parent company, to become the world's fourth-largest asset by market capitalization, reaching approximately $3.7 trillion after its price exceeded $66 for the first time. This achievement follows silver recently surpassing Microsoft to become the fifth most valuable asset. The metal has seen a significant rally, increasing over 125% this year, as investors seek inflation hedges and industrial alternatives to gold and digital assets. This price surge is fueled by tightening inventories, strong demand from sectors like renewable energy, electric vehicles, and data centers, and broader market expectations that the Fed will maintain current interest rates in January.
(Source：Crypto Briefing)