Silver has evolved from a stable commodity to become one of the most significant and monitored assets globally. (AI image)

Silver price today: Silver has surpassed Microsoft to claim the spot of fifth-largest asset globally by market capitalisation, establishing a significant milestone for this precious metal. The performance of silver in 2025 has been notable. The metal has experienced a substantial increase of over 115% from its price of approximately $29 per ounce at the beginning of the year.The metal’s total market value reached $3.593 trillion after crossing $63 per ounce, marginally surpassing Microsoft’s $3.59 trillion valuation, according to an ET report. The recent advancement positions silver ahead of both Microsoft and Amazon, with the latter valued at $2.46 trillion. However, it remains behind Alphabet, which maintains a market capitalisation of approximately $3.8 trillion.Silver has evolved from a stable commodity to become one of the most significant and monitored assets globally within a brief period, altering the hierarchy of global market valuations.The market sentiment has strengthened due to fresh anticipations of the Federal Reserve implementing a rate reduction in December. When interest rates decline, it diminishes the holding costs for non-income generating commodities like silver, thereby increasing their appeal amongst investors.The current upward movement is primarily attributed to renewed expectations regarding the Federal Reserve’s potential interest rate reduction in December. The decreased interest rates lower the “opportunity cost” for holding non-yield generating assets such as silver, enhancing their attractiveness to investors looking for stable investments or protection against inflation.Hareesh V, Head of Commodity Reserach, Geojit Investments was quoted by ET as saying, “The US Federal Reserve’s decision to cut key interest rates by 25 bps to 3.50%-3.75% amid persistent inflation has reinforced bullish sentiment in precious metals. Lower rates reduce the opportunity cost of holding non-yielding assets like gold and silver, attracting fresh investment flows. With bullion already at record highs, this policy shift adds momentum to the rally, as investors seek safe-haven assets amid economic uncertainty and inflationary pressures.“The decline in the US dollar after the rate cuts provides additional support to gold and silver prices, since the weaker currency makes precious metals more accessible to international purchasers. The significant surge in bullion prices stems from fundamental supply shortages, strong industrial requirements for silver, and continued Exchange Traded Fund investments. Breaking through previous resistance points on price charts has increased investor participation, whilst ongoing geopolitical tensions and protection against inflation maintain positive long-range forecasts, even with temporary price fluctuations.