Silver Surpasses Google: Now the Fourth-Largest Asset by Market Cap

Move over, Big Tech. Silver just vaulted past Google's market cap, claiming the number four spot in the global asset rankings.
The New Heavyweight Contender
Forget algorithms and ad revenue—the real action is in tangible assets. Silver's surge isn't just a blip; it's a fundamental shift in where institutional money is parking itself. The metal's climb to fourth place signals a flight to perceived safety and enduring value, leaving one of the world's most valuable companies in its dust.
What's Driving the Rush?
It's a perfect storm of industrial demand, monetary anxiety, and let's be honest—a classic case of investors chasing the shiny thing when digital spreadsheets lose their luster. While tech stocks grapple with valuation concerns, silver benefits from a dual identity: a crucial industrial component and a timeless store of value. The numbers don't lie, and right now, they're flashing bullion.
A Reality Check for the Digital Age
This isn't just about silver. It's a stark reminder that in the grand hierarchy of assets, physical commodities can still outmuscle digital empires. The finance world loves a narrative, and today's is written in precious metal—proving once again that sometimes the best hedge against the future is something humans have valued for millennia. After all, in a world of speculative bubbles, it's comforting to own something you can actually drop on your foot.
TLDR
- Silver’s market cap hits $3.7 trillion, overtaking Alphabet to become the fourth-largest asset.
- Strong demand from renewable energy, EVs, and data centers drives silver’s price surge.
- Silver up more than 125% this year, surpassing Microsoft and Google in market cap.
- Tightening inventories and industrial demand propel silver past tech giants in valuation.
In a remarkable shift, silver has now surpassed Alphabet, Google’s parent company, to become the fourth-largest asset globally by market capitalization. As of recent trading, silver’s price reached above $66, pushing its market value to approximately $3.7 trillion. This milestone marks the latest chapter in a dramatic rise for silver, which has surged over 125% in 2025. The increase in silver’s value comes amid growing investor demand for inflation hedges and industrial applications beyond traditional Gold and digital assets.
The silver rally has been fueled by various factors, including a tightening of supply inventories and heightened demand from sectors like renewable energy, electric vehicles (EVs), and data centers. Silver has been viewed as a viable alternative to gold, particularly during times of economic uncertainty. As investors continue to seek out tangible assets, silver’s appeal as a hedge against inflation has been reinforced.
Silver’s Surge Comes After Surpassing Microsoft
Before overtaking Alphabet, silver had already surpassed Microsoft, climbing to the fifth position in terms of global market capitalization. This growth is seen as a reflection of the changing economic environment and investors’ increasing confidence in silver’s future potential. With a price increase of more than 125% this year, silver has outperformed several major assets, demonstrating its strong market momentum.
One of the key drivers behind silver’s rise is its growing use in industries such as solar energy and electric vehicles. The metal’s unique properties make it an essential component in the production of energy-efficient technologies. As the demand for these technologies expands, so too does the need for silver, which has further propelled its price surge.
Factors Behind Silver’s Price Surge
Several factors have contributed to silver’s dramatic rise in 2025. Among them is a growing industrial demand, particularly in renewable energy and electric vehicle sectors. Silver is used in the production of solar panels and electric vehicle batteries, both of which are seeing increased demand as the world transitions to cleaner energy solutions. Additionally, silver is crucial in data centers, which are expanding as the global need for digital infrastructure grows.
Another key factor is the global supply deficit. Silver has faced a shortage in supply for several years, which has contributed to rising prices. Market analysts are also predicting that the U.S. Federal Reserve will hold interest rates steady in the NEAR term, which may continue to support silver’s upward momentum. As the demand for silver remains strong, investors are increasingly looking to the metal as an attractive investment option.
Silver Overtakes Crude Oil and Gold
In an extraordinary move, silver has now surpassed crude oil in value, an event not seen in over four decades. As of recent trading, silver prices crossed the $65 mark, outpacing the value of a barrel of West Texas Intermediate (WTI) crude oil. This shift in value reflects silver’s growing importance as an industrial and investment asset.
Some analysts are even comparing silver’s performance to that of gold, suggesting that it is poised for continued outperformance in the precious metals market. Ajay Bagga, a market veteran, described silver’s price rise as “gold on steroids,” noting that it is catching up after years of underperformance. Silver’s price surge indicates a shift toward tangible assets, which are seen as increasingly valuable amid economic volatility and inflation concerns.