Silver breaks through $70 to create a new historical high! Market capitalization approaches $4 trillion, will it surpass Apple and Nvidia next?

Spot silver continues its strong pump today (23rd), with prices officially breaking through the 70 USD/oz barrier, setting a new historical high once again! (Previous Summary: Silver surged to $67, continuing to set new historical highs! Its market value has surpassed that of Google's parent company, Alphabet, ranking as the fourth largest asset in the world.) (Background Supplement: The Crisis Behind the Surge of Silver: When the Paper System Begins to Fail, the Financial Order is Collapsing)

Spot silver today (23) continues its strong pump momentum, with prices officially breaking through the 70 USD/ounce barrier, achieving a new historical high again! The main driving factors behind the rise in silver prices include: strong industrial demand, particularly the rapid expansion in green energy and technology sectors such as solar photovoltaics, electric vehicles, and AI data centers; a significant increase in investment demand, with investors viewing silver as a safe-haven asset; and the ongoing tightening of global silver supply inventories, leading to a supply-demand deficit for several consecutive years. These factors together are driving silver to become the standout precious metal in 2025.

What's the next step to overtake Apple?

In 2025, the annual increase in silver has reached 130%-140%, far exceeding the performance of most historical years, making it one of the strongest performing commodities this year. With prices skyrocketing, the total market value of silver is currently approaching the $4 trillion mark, ranking just behind gold, NVIDIA, and Apple in global assets.

However, if the pump continues, the market value of silver will soon surpass that of Apple, further solidifying its position on the global asset rankings. This wave of the silver bull market reflects the dual support of industrial transformation and safe-haven demand.