Surpassing Apple Inc. (AAPL.US) and Microsoft Corporation (MSFT.US)! Silver prices skyrocket by 185%, entering the global top three in terms of market value.

Spot silver has surged over 185% this year, leaping to become the third most valuable asset globally, just behind gold and NVIDIA Corporation (NVDA.US), leaving behind tech giants like Apple Inc. (AAPL.US), Alphabet Inc. Class C (GOOGL.US), and Microsoft Corporation (MSFT.US). According to Companies Market Cap data, the market value of silver is $4.485 trillion; gold ranks first with $31.719 trillion, followed closely by chip giant NVIDIA Corporation with $4.638 trillion. The complete top ten list is as follows: Last Friday, spot silver hit a new record high of $79.29 per ounce intraday, closing at $79.11. On Monday morning, it continued its strong upward trend, breaking through the $80 per ounce mark for the first time, with a cumulative increase of over 185% so far this year. The soaring trend is driven by limited supply, being classified as a critical mineral by the US, strong industrial demand, expectations of Fed rate cuts, and amplified volatility due to low liquidity that has boosted the overall rise in precious metals. Here are some exchange-traded funds (ETFs) that focus on silver and the silver mining industry: Silver EFT-iShares (SLV.US), Abrdn Silver ETF Trust (SIVR.US), 2x Long Silver ETF-ProShares (AGQ.US), Proshares 2x Short Silver ETF (ZSL.US), Sprott Physical Silver Trust (PSLV.US), Global X Silver Mining ETF (SIL.US), PureFunds ISE Junior Silver ETF (SILJ.US), and iShares MSCI Global Silver Miners ETF (SLVP.US).