Silver becomes the third-largest global asset!! You read that right, it’s silver. With silver prices climbing steadily, this precious metal’s market cap has now surpassed Apple, making it the third-largest global asset, just behind gold and NVIDIA. There are four main reasons behind this surge in gold and silver prices: 1. Geopolitical risk factors. Since Trump took office, the U.S. has made major adjustments to its global strategy, disrupting the previously stable geopolitical landscape and increasing geopolitical risks. 2. Risk of dollar depreciation. The U.S. has now entered a rate-cutting cycle, putting downward pressure on the dollar. At the same time, Trump’s public interference with the Federal Reserve’s independence has further weakened the intrinsic value of the dollar. 3. Central banks driving demand. In recent years, central banks around the world have been buying gold, further intensifying the herd behavior of capital. 4. Supply shortages. As more buyers join in, gold and silver, which weren’t initially scarce, are now becoming rare, further driving up prices. The reasons for the surge seem solid, but at its core, it’s still the result of capital inflows.