Key Highlights
- On December 24, silver ended half a percent higher at $71.8775 per ounce, capping a year that has firmly placed the metal at the centre of investor attention.
- With this sharp move, silver has now emerged as the third-most valuable asset in the world, overtaking Apple Inc and Alphabet in terms of market capitalisation.
- However, Gold and NVIDIA Corporation continue to occupy the top two spots among the world’s most valued assets.
- Currently, silver commands a market capitalisation of $4.059 trillion, as per companiesmarketcap. com, marginally higher than Apple’s $4.05 trillion as of Wednesday’s closing on Wall Street.
- The white metal has also moved ahead of Alphabet, which carries a market capitalisation of $3.8 trillion, and Amazon at $2.48 trillion.
