Silver briefly overtakes NVIDIA after rally to $82.7 per ounce

Beincrypto reports that silver surged to $82.7 per ounce in early Asian trading, briefly overtaking NVIDIA to become the world’s second-largest asset by market capitalization.

The rally pushed silver’s market capitalization above NVIDIA’s $4.55 trillion and extended gains beyond $80 per ounce; at press time the metal was trading at $80.8, up nearly 12% year to date and outpacing gold’s roughly 3.2% rise so far in 2026.

Analysts point to silver’s dual role as both a monetary safe-haven and an industrial metal — industrial demand accounts for about half of global consumption — alongside a persistent supply shortfall. The Silver Institute reported a fifth straight annual deficit in 2025, with annual demand near 1.2 billion ounces versus roughly 1 billion ounces supplied, and some market participants are forecasting triple-digit prices; analyst Sunil Reddy said, “$100 silver is now firmly on the table for January.”

The move has also prompted comparisons with Bitcoin: some chart analysts say silver completed a long cup-and-handle before its surge and that Bitcoin may be forming a similar pattern, while others note Bitcoin has yet to confirm a monthly breakout that could trigger a catch-up rally. Market participants are watching for a potential capital rotation into Bitcoin, but when or if that will occur remains unknown.

Key Topics

Business, Silver, Nvidia, Bitcoin, Silver Institute, Sunil Reddy