India, Dec. 29 -- Silver briefly eclipsed Nvidia Corp. to become the world's second-most valuable asset on Monday, a historic reshuffling that signals a deepening rotation from technology stocks into tangible commodities.

The white metal's total above-ground valuation climbed to $4.65 trillion in early trading after prices surged past $80 per ounce for the first time. That compared with Nvidia's market capitalisation of $4.60 trillion, according to Bloomberg data.

However, there was an immediate retreat as investors booked profits. Spot silver rose as much as 6% to a high of $84.01 an ounce before crashing. It was trading down 1% at $78.50 as of 10:30 am in Singapore.

Still, the crossover-silver > Nvidia-marks the first time in the mod...