This blog is primarily dedicated to gold because of the central
role it plays in the precious metals market. But I think it's
important not to leave out gold's little cousin who has massive
potential in the precious metals bull market. So as a brief
introduction to this highly undervalued metal, here are some
interesting facts about silver.
What is sterling silver made of?
Sterling silver is an alloy
containing 92.5% pure silver, plus 7.5% of another kind of metal,
usually copper and more recently sometimes germanium. These days,
sterling silver fineness can be identified
by looking for a stamp that says "sterling" or ".925". This
standard of fineness originated with British silver coins in the
13th century BCE, but has now become the main standard of
silver used throughout the world. Pure silver is very soft and
malleable, so the 7.5% of additional metals fortifies the silver
for use in jewelry and other objects.
What is fine silver?
Fine silver, also known as pure silver, is at least 99.9% pure. It
is used in silver bullion but is too soft for use in objects that
will be handled.
How long has silver been used as money?
Silver has been coined and used as representative money since
around 700 BCE.
Other facts:
-Silver compounds are used to expediate healing in burn
victims.
-Like gold, silver is an
excellent conductor of elecricity and is used
extensively on circuit boards and high voltage connectors. In fact,
silver is the most conductive of all metals. Its conductivity is
rated 100 on a scale of 1 to 100, while gold is rated 76, and
copper is rated 97.
- Out of all the physical elements, silver is the best
conductor of heat. It is therefore used extensively in
solar panels, and also in your car's rear-window defogger.
-Silver is more optically reflective than all
other metals, reflecting more than 95% of the visible light
spectrum. Most mirrors, both personal and industrial, are therefore
made with a silver reflective backing.
-Silver is more ductile (can be stretched) and
malleable (can be flattened) than any element
except for gold.
Just like gold, silver is valued not only for its perceived rarity
and beauty, but also for its utility. It is an ever-present element
of our modern lives.



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