Concentrated nitric acid is about 70%, by weight, which is about 16 molar. Your 5 molar is, therefore, about 22%, by weight. When it's used for dissolving silver or copper, the 70% is usually cut 50/50 with water. That would be 8 molar. When used in aqua regia, the 70% nitric is usually used undiluted in combination with hydrochloric acid.
Your 5 Molar would work in both of these applications, but the reactions would be slower.