Silver surpasses NVIDIA to become the second-largest asset globally, as the precious metals allocation trend is reshaping the wealth landscape.

Silver’s market value reaches $4.63 trillion, surpassing Nvidia to become the second-largest asset globally, only behind gold’s $31.34 trillion. Behind this ranking change, it reflects not only the rise in precious metal prices but also a deep shift in the global wealth allocation pattern. From traditional tech giants to the reshuffling of precious metal rankings, a signal is being sent to the market: institutional investors are quietly adjusting their asset allocation strategies.

The “Comeback” of Precious Metals

Specific data on the price breakthrough

According to the latest news, silver has broken through $78 per ounce, and gold has also returned above $4400. This is not just simple price fluctuation but a sustained upward trend. Related reports show that silver surged 4.5% in the past 24 hours, and gold increased by over 2%.

It’s important to note that these precious metals have been “dormant” for many years. Market insiders say that gold and silver haven’t risen in a decade, and now they are making a remarkable comeback, driven by multiple factors working together.

Who is buying precious metals

This rally is not driven by retail speculation but by institutional-level allocation. According to related reports, DWF (a well-known crypto trading platform) recently announced entering the gold trading business and increasing gold reserves. This is a crucial signal—professional trading institutions are beginning to incorporate precious metals into their financial portfolios.

Even more noteworthy is that investment master Ray Dalio started advocating for and allocating to gold in 2024, and recently added some Bitcoin. This dual allocation from precious metals to cryptocurrencies reflects top investors’ new thinking on diversification.

Another interesting case: a market participant sold a Porsche Cayenne last June and exchanged it for gold and silver. Looking back now, this switch not only yielded appreciation gains in precious metals but also resulted in an additional 1.8x profit due to the depreciation of the New Taiwan dollar. This shows that precious metal allocations are indeed beating inflation.

The Subtle Shift in Capital Flows

From precious metals to crypto handoff

Latest data shows an interesting phenomenon: after gold and silver hit their highs, capital began to take profits and flow into the crypto market. The cumulative trading volume of US stock crypto spot ETFs has already surpassed $2 trillion, with IBIT (Bitcoin spot ETF) accounting for nearly 70% of the liquidity.

In 2025, Bitcoin attracted approximately $1.2 trillion in fiat inflows. This indicates that precious metals and cryptocurrencies are forming a “handoff effect”—when traditional safe-haven assets (precious metals) profit, funds gradually shift to emerging assets (cryptocurrencies).

The overall market rally background

This rise in precious metals and crypto assets occurs against the backdrop of a global surge in risk assets. According to related reports, Asia-Pacific stock markets led the rally, with the KOSPI index in South Korea surpassing 4,400 points for the first time, hitting a record high, and the Nikkei 225 soaring over 1,100 points. US stock futures also rose across the board.

In this market environment, precious metals are regaining attention from being “out of favor” in the past, reflecting investors’ new understanding of abundant global liquidity and diversified asset allocation.

The Significance Behind Market Capitalization Rankings

Silver surpassing Nvidia to become the second-largest asset globally is symbolically meaningful. Nvidia represents the pinnacle of the tech industry, while silver symbolizes traditional wealth preservation. The swap in rankings indicates that investors are re-evaluating the value of different asset classes.

Data shows that gold’s market cap of $31.34 trillion remains far ahead, reflecting that gold’s status as the ultimate safe-haven asset has never wavered. Silver, known as “the poor man’s gold,” rising in market cap also fuels the overall enthusiasm for precious metals allocation.

Summary

The ranking change where silver surpasses Nvidia fundamentally reflects a deep adjustment in the global wealth allocation pattern. The rise in precious metal prices is not a bubble but a true sign of institutional investors seeking diversification. From top investors’ allocation logic, precious metals and cryptocurrencies are becoming important options outside traditional stocks and bonds.

The key moving forward is whether this wave of capital flow will continue—whether profits from precious metals will flow into cryptocurrencies or if investors will keep seeking opportunities within precious metals. In any case, global investors are voting with real gold and silver, and this signal deserves serious attention.