Silver surges to $67, setting a new all-time high! Its market value surpasses Google's parent company Alphabet, ranking as the fourth-largest asset globally.

The international precious metals market today experienced a strong rally, with spot silver prices successfully breaking through the $67/ounce level, hitting a new all-time high. According to the latest quotes, spot silver rose 2.38% intraday, reaching above $67.
(Background recap: Silver surpasses $63 to hit a new all-time high! This year’s increase exceeds 100%, far surpassing gold and Bitcoin. Will it challenge the $100 mark next year?)
(Additional background: Silver breaks through $60 to set a new all-time high! This year’s increase exceeds 100%, ranking as the sixth-largest asset globally.)

The international precious metals market today experienced a strong rally, with spot silver prices successfully breaking through the $67/ounce level, setting a new record. According to the latest quotes, spot silver rose 2.38% intraday, reaching above $67. At the same time, the COMEX silver futures performed even better, with a daily increase of 3.00%, and the latest quote at $67.18/ounce.

Driven by the rise in silver, the market capitalization of silver has also reached $3.789 trillion, surpassing Google’s parent company Alphabet to become the fourth-largest asset globally, behind gold, NVIDIA, and Apple. Meanwhile, Bitcoin has fallen to eighth place in the global asset rankings amid recent corrections.

Image source: 8marketcap

This wave of rally continues the recent strong momentum of silver, mainly driven by increased investor risk aversion, expansion of industrial applications, and market expectations of loose monetary policy. Analysts point out that silver, as a precious metal with both hedging and industrial properties, is especially likely to attract significant capital inflows in the current economic environment.

However, Dongqu reminds that although silver prices continue to rise, potential volatility should not be overlooked, and investors should pay attention to risks.