Silver hits record high above $71 as market cap approaches $4 trillion
Crypto Briefing
Silver surged past $71 to a new record high, boasting a 138% year-to-date gain and approaching a $4 trillion market cap.Summary
Silver reached an all-time high above $71 on Tuesday, extending a significant rally that has resulted in a 138% gain year-to-date, outperforming gold's 70% rise. With its market capitalization nearing $4 trillion, silver has become the fourth-largest asset globally, trailing only slightly behind Apple. This surge in precious metals is attributed to investors seeking hedges against risks in equities and digital assets, driven by expectations of looser US monetary policy, a weaker dollar (down nearly 10% in 2025), and ongoing geopolitical tensions. Gold also hit a record high, and analysts anticipate continued support for bullion prices due to anticipated Federal Reserve easing.
(Source：Crypto Briefing)