Silver is a chemical element with the symbol Ag and atomic number 47. It is a shiny, white, and ductile metal with a high electrical and thermal conductivity. Silver is a relatively soft metal and is often used in various applications due to its unique properties.
Key features and uses of silver include:
- Currency: Historically, silver has been used as a form of currency and is sometimes referred to as "the poor man's gold." It has been minted into coins for circulation and used in trade for centuries.
- Jewelry and Silverware: Silver is commonly used in the creation of jewelry and decorative items. It is prized for its luster and malleability.
- Photography: Silver compounds were widely used in traditional black-and-white photography. While digital photography has reduced the demand, silver is still used in some niche applications.
- Electronics: Silver is an excellent conductor of electricity, and it is used in various electronic components, including electrical contacts, switches, and conductive pastes.
- Medical Applications: Silver has antimicrobial properties, and its compounds have been used in medical applications, such as wound dressings and medical devices.
- Industrial Processes: Silver is used in various industrial processes, including the production of mirrors, batteries, and catalysts.
Bullion SPOT PRICES |
|
Metal |
($/gram) |
($/troy_oz) |
|
Gold |
$86.421 |
$2687.99 |
|
Platinum |
$30.929 |
$962.0 |
|
Palladium |
$32.215 |
$1002.0 |
|
Silver |
$0.997 |
$31.01 |
|
Updated every Two Minutes |
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- Investment: Similar to gold, silver is also considered a precious metal and is used as an investment option. It is traded on commodity markets.
Silver is found in nature as both a native metal and in various ores, often associated with other metals like lead, zinc, and copper. Its diverse range of applications and scarcity contribute to its value and significance in various industries.