Silver breaks historical records: reaches $72 per ounce while its market value matches that of tech giants

The silver market is experiencing an unprecedented rally in December 2025. The metal has reached $72 per ounce, reflecting an accumulated appreciation of 136% since the beginning of the year. This movement has pushed the market capitalization of the precious metal to nearly $4 trillion, a figure that places the metal above major global corporations like Google.

Factors Driving the Historic Rise

Several elements converge to explain this upward trend. Geopolitical tensions continue to push prices higher, while recent changes in monetary policy generate uncertainty in traditional financial markets. Simultaneously, industrial demand has experienced robust growth, particularly in strategic sectors such as solar energy, electronic manufacturing, and electric vehicle production.

The Supply Crisis: the True Catalyst

The most critical aspect of the current outlook is the structural supply deficit. Reports indicate a shortfall of 180 million ounces in the market, a scarcity clearly reflected in COMEX exchange inventories. This supply pressure is what truly explains the magnitude of the bullish movement we have witnessed.

Analogies with Cryptocurrency Markets

There is an interesting parallel between the current dynamics of silver and the behavior observed in altcoins. In both markets, relative scarcity and investor psychology generate cycles of accelerated appreciation. Analysts note that when supply is restricted, regardless of the asset, buyers are willing to pay significant premiums—dynamics that recur in both traditional markets and the digital ecosystem.