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Silver Now Ranks as the Second-Most Valuable Asset in the World
Mineymetals ^ | 19 Jan 26 | Mike Mahhery

Posted on 01/20/2026 5:35:47 AM PST by delta7

Silver was up nearly 148 percent in 2025, and the price has continued to climb in the new year, trading over $90 an ounce.

With the rapid gain, silver now ranks as the second-most valuable asset in the world with a market cap of $5.35 trillion.

The only asset more valuable than silver is gold, with a market cap of $32.5 trillion.

Last week, silver blew past AI chip giant NVIDIA (market cap of $4.53 trillion). It has also surpassed stock market tech darlings Apple, Microsoft, Amazon, and Alphabet.

Several dynamics have converged to drive silver higher, including spillover effects from the gold bull market, steady industrial demand, surging investment demand, inflation, and geopolitical uncertainty. However, one factor is the key driver – there isn’t enough metal.

This has created a significant silver squeeze that continues to pressure prices higher.

The root of the problem is simple: there isn’t enough metal to meet demand.

Silver demand has outstripped supply for four straight years, and the Silver Institute projects that 2025 will be the fifth. The structural market deficit came in at 148.9 million ounces in 2024. That drove the four-year market shortfall to 678 million ounces. Including the projected 2025 shortfall, the market deficit will likely be well over 800 million ounces, an entire year of mining output.

With metal in short supply, silver users must source metal from existing above-ground stocks. People holding those stocks are reluctant to let their silver go, driving prices persistently higher.

Refiners are scrambling to keep up with demand.

Dillon Gage is a silver refinery in Texas. Company president Terry Hanlon said they are running three shifts, seven days a week.

“We can’t keep up.”

Former U.S. Mint president called the converging supply and demand dynamics a “perfect storm.”

“We have been in a long-term supply deficit, and it is just getting worse.”

Growing ETF demand also reflects a surge in interest in silver. Individual investors have poured a record $921million into silver-backed funds over the past 390 days, according to data from Vanda Research.

This underscores another problem. There is far more paper silver than actual metal.

According to analyst Faysal Amin, published by FXStreet, the current paper‑to‑physical ratio stands near 356:1. In other words, for every ounce of physical silver in the world, there are 356 paper ounces.

Some speculate that silver is in a bubble. It’s fair to worry that the metal might be oversold, and the market is certainly benefiting from “fear of missing out.” However, the scarcity of metal isn’t going to abate any time soon, leaving plenty of reasons to remain bullish on the metal.


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KEYWORDS: silver; silverprice

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Overnight trading, Hong Kong pushes Gold up past $4730, Silver past $95...Bitcoin tanking, down another 2 percent, Japan bonds crashing.....

Exciting times for the Goldbugs...Gold Silver ratio now 50:1.....US Silver Eagles $110 each....the worlds Wealth is moving from the West to the East...stay tuned!

This generational Bull is just warming up.

1 posted on 01/20/2026 5:35:47 AM PST by delta7
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To: delta7

As metal commodities like silver, gold, copper, et al continue to rise the value of the US dollar drops even more. You think inflation was bad during Biden? You haven’t seen anything yet!


2 posted on 01/20/2026 5:49:24 AM PST by Tom Tetroxide (Psalm 146:3 "Do not trust in princes, in the Son of Man, who has no salvation.")
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To: delta7

And that’s without counting my stash.


3 posted on 01/20/2026 5:53:54 AM PST by ComputerGuy
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Second most valuable asset in the world?
Gold$4,748.31144.11
Silver$95.995.44
Platinum$2,417.3072.70
Palladium$1,873.6550.60


4 posted on 01/20/2026 6:08:59 AM PST by Rio
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To: delta7
Related:

Who Is “The Asian Guy”? Examining the Silver Market Claims Behind the Viral Phenomenon

5 posted on 01/20/2026 6:16:03 AM PST by yesthatjallen
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To: Tom Tetroxide; delta7

>
As metal commodities like silver, gold, copper, et al continue to rise the value of the US dollar drops even more. You think inflation was bad during Biden? You haven’t seen anything yet!
>

Pretty soon, you run out of OTHER People’s $$ *shrug*


6 posted on 01/20/2026 6:22:41 AM PST by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: delta7

The only problem with Silver and Gold is they don’t get up in the morning, drink a cup of coffee and work to try to make me more money 5 days a week.


7 posted on 01/20/2026 6:22:57 AM PST by Uncle Miltie (AWFUL (Affluent White Female Urban Liberal))
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To: ComputerGuy

Must be nice, lost all mine in a boating accident.


8 posted on 01/20/2026 6:23:10 AM PST by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: i_robot73

And people run out of their own currency!

Money is gold and silver. All else is currency.


9 posted on 01/20/2026 6:26:56 AM PST by Tom Tetroxide (Psalm 146:3 "Do not trust in princes, in the Son of Man, who has no salvation.")
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To: i_robot73

If you can pick it up and run with it, which I can, it isn’t much of a stash.


10 posted on 01/20/2026 6:28:55 AM PST by ComputerGuy
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To: Tom Tetroxide

Especially if Trump gets his way and interest rates are lowered. Lower interest rates weaken the dollar and put even more upward pressure on precious metals!


11 posted on 01/20/2026 6:29:54 AM PST by volare737 ( Diversity is something to be overcome, not celebrated. )
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To: delta7

I was convinced a couple of years ago that silver would rise. I never wanted to buy silver metal itself. Where would I store it? How would I keep it from tarnishing?

So I invested in a silver mining company, It was called “Coeur d’Alene mining Company”, symbol CDE in 202o. They owned 5 mines in the US and abroad. Now it’s called just “Coeur Mining Co.”

The stock languished at about $2.50-3.00 for a long time. It’s now about $23. The company is looked at as an acquisition target.

I’ll hold the stock for a while, I figure silver will continue to rise. Patience paid off for me.


12 posted on 01/20/2026 6:34:14 AM PST by FroggyTheGremlim (Hail to Pitt!)
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To: delta7
...$90 an ounce.

Ummm...that would be a total of 90, however arranged as in 20's and a ten or 100 ones, in Federal Reserve Notes, not "dollars"
One dollar, BY LAW is a silver COIN of a specific weight.
If you HAD silver coins as money you wouldn't be buying any silver as you would already have silver in hand and one dollar would have HUGE buying potential.
Imagine working for a mere one dollar an hour if you were paid in REAL, Constitutional dollars. 720 Federal Reserve Notes, at current spot price, for an 8 hour day of work.

Fiat money is thievery and peak BS!

Aside - look at how debased our banking system is.
We use paper debt instruments instead of Constitutional money,
that being gold and silver coins,
and we bicker about "affordability" and inflation?

13 posted on 01/20/2026 6:34:36 AM PST by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
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To: delta7; TexasGator
Gold up past $4730, Silver past $95...Bitcoin tanking, down another 2 percent?
14 posted on 01/20/2026 6:41:19 AM PST by JonPreston ( ✌ ☮️ )
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To: delta7

I’ve been in this PM game for over 20 years, now. It’s nice to wake up to the big overnight jumps. :) Haven’t cashed anything in quite yet...


15 posted on 01/20/2026 6:43:15 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: delta7

You can have your silver. I’ll take some plutonium please.


16 posted on 01/20/2026 6:44:03 AM PST by Pappy Smear
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To: delta7

Quick, crank up the time machine and go back to 2010 and buy up all the silver you can with every cent you can scrape together...

Then MAYBE you can keep up with the worldwide inflation occurring with every currency out there.

But it probably doesn’t stop there.

Ride the whirlwind.


17 posted on 01/20/2026 6:44:18 AM PST by alloysteel (Coming in high, hot, blind, dead-stick, wheels up, outta gas, and the glide angle of a brick....)
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To: yesthatjallen

I have seen some Asian Guy videos. He mixes truth with fiction.

Best to watch the price, especially the China market which opens at 1800 each night. The PM price is typically tamped down ( smashed) at 0830 when the corrupted US Comex opens. Their huge paper short contract smash downs are now met by huge buying and recovery....with huge demand for delivery, further cleaning out the Comex and LBMA Registered supply ( now at all time lows).

Technical charts are also the “ Tell”, study the charts since the Bull started in 2023 reveals this Bull has a long, long way to go.


18 posted on 01/20/2026 7:07:42 AM PST by delta7
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To: Tom Tetroxide

Money is gold and silver. All else is currency.


Wealth is gold and silver. All else is currency ( debt, credit) , paper currency is for spending, PMs are for storing Wealth....as we are witnessing.

ALL paper currencies suffer Inflation, all paper eventually goes to zero. The USD has lost 98 percent of its purchasing power since 1913...most can not wrap their head around that.


19 posted on 01/20/2026 7:14:43 AM PST by delta7
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To: delta7

And yet 2% inflation is the goal?,,,,,crazy in itself,,,,,,,and the FED has not met that goal for 55 CONSECUTIVE months now! Insanity.


20 posted on 01/20/2026 7:19:17 AM PST by volare737 ( Diversity is something to be overcome, not celebrated. )
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