Silvers Market Value Surpasses Nvidia Amid Global Instability and Inflation Concerns
Silvers market capitalization has reportedly surpassed that of Nvidia, the leading company in the global stock market. The price of silver continues to rise sharply due to various factors, including geopolitical instability, inflation fears, and Chinas export restrictions.
As of June 6 (local time), data from the U.S. financial information firm Company Market Cap indicates that the market value of silver has reached a total of $4.627 trillion (approximately 6,700 trillion won), exceeding Nvidias market capitalization of $4.550 trillion. This calculation is based on the estimated amount of silver in circulation (1.75 million tons) and the trading price on the New York Commodity Exchange (at $81.04 per troy ounce). This marks the first time that silvers estimated market value has surpassed that of Nvidia.
In terms of individual investment assets, gold remains the most valuable, with an estimated market capitalization of $31.135 trillion. Leading cryptocurrencies, such as Bitcoin, rank eighth, following major companies like Apple, Alphabet (Googles parent company), Microsoft, and Amazon.
The spot price of silver has surged by 165.91% since last year, making it incomparable to other major commodities. Analysts suggest that speculative buying has intensified after China, the largest consumer and second-largest producer of silver, switched to a licensing system for silver exports. Additionally, the geopolitical instability stemming from the U.S. efforts to oust Nicolás Maduros regime in Venezuela has contributed to the rally in precious metals, including silver.
Some investment banks believe there is potential for silver prices to triple from current levels. Michael Widmer, an analyst at Bank of America, noted that silver is currently trading at one-sixtieth the price of gold, which is not particularly high compared to historical standards. Considering that silver prices rose to one-fourteenth of golds price in the 1980s, prices could potentially reach around $300 per troy ounce.
The ongoing developments in the global market, coupled with heightened demand and supply constraints, suggest a promising outlook for silver as an investment asset.
As of June 6 (local time), data from the U.S. financial information firm Company Market Cap indicates that the market value of silver has reached a total of $4.627 trillion (approximately 6,700 trillion won), exceeding Nvidias market capitalization of $4.550 trillion. This calculation is based on the estimated amount of silver in circulation (1.75 million tons) and the trading price on the New York Commodity Exchange (at $81.04 per troy ounce). This marks the first time that silvers estimated market value has surpassed that of Nvidia.
In terms of individual investment assets, gold remains the most valuable, with an estimated market capitalization of $31.135 trillion. Leading cryptocurrencies, such as Bitcoin, rank eighth, following major companies like Apple, Alphabet (Googles parent company), Microsoft, and Amazon.
The spot price of silver has surged by 165.91% since last year, making it incomparable to other major commodities. Analysts suggest that speculative buying has intensified after China, the largest consumer and second-largest producer of silver, switched to a licensing system for silver exports. Additionally, the geopolitical instability stemming from the U.S. efforts to oust Nicolás Maduros regime in Venezuela has contributed to the rally in precious metals, including silver.
Some investment banks believe there is potential for silver prices to triple from current levels. Michael Widmer, an analyst at Bank of America, noted that silver is currently trading at one-sixtieth the price of gold, which is not particularly high compared to historical standards. Considering that silver prices rose to one-fourteenth of golds price in the 1980s, prices could potentially reach around $300 per troy ounce.
The ongoing developments in the global market, coupled with heightened demand and supply constraints, suggest a promising outlook for silver as an investment asset.
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