Silver

What is Silver?

Silver is a precious metal and more abundant than gold. It possesses the highest electrical conductivity, thermal conductivity and reflectivity of any metal. The metal occurs naturally in its pure free form as an alloy with gold and other metals and also in minerals such as argentite and chlorargyrite.

Silver is mainly produced as a by product of copper, gold, lead and zinc refining.

Uses of Silver

Outside of its recognition within currency and as an investment in the forms of coins and bullion, silver has many other uses within various industries including:

  • Solar panels
  • Water filtration
  • Jewellery and ornaments
  • High-value tableware and utensils (hence the term silverware)

Silver is used industrially in electrical contacts and conductors, in specialised mirrors, window coatings and in catalysis of chemical reactions. Its compounds are used in photographic film and X-rays.

Risks of Silver

Trading silver requires intense and constant attention, so it is suited to very active traders. If you open a position, you must attend to that trade, as movement can dramatically alter the outcome of an investment. Silver traders must be most aware of the major commodity price drivers, which are:

  • Inflation 
  • Emerging-market demand

Finally, it is important to remember that as a primary trading instrument, developing trends in the markets and how the majority of traders are behaving, can also throw out silver prices.

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