Best way to buy silver coins9/25/2023 ![]() When you ask yourself if it’s better to invest in gold or silver, there are few things that you need to know. That’s why silver is widely used in creams, wound dressings, and as an antibiotic coating on medical devices.ĭue to its exceptional characteristics as a precious metal, an industrial metal, and a green metal, silver can be an interesting investment for those who want to increase their exposure to precious metals. □Medicine: Silver has the most powerful antibacterial action of any chemical element while being the least toxic to animal cells. Photovoltaic cells convert sunlight into electricity by using silver as conductive ink. ⚡Solar energy: The photovoltaic, or solar energy, industry is rapidly adopting silver's light sensitivity. The auto industry consumes 55 million ounces of it each year. □Electric cars: Silver is used in nearly every electrical connection in an electric vehicle. Let’s take a look at 3 major industries using silver: One that is also often used as a short-term investment because of its higher volatility, as we’ll see in a minute.Īs a very conducive metal, silver has many industrial uses and is an indispensable element in electric cars and electronic devices we use every day, from touch screens to microwave ovens and computer keyboards. It is used by savers and investors as a way to diversify their portfolio with a precious metal that has different properties and uses than gold. Of course silver is what is called an investment metal. Silver is rarely found in its pure form, but rather in alloys (a natural mix of metals), mineral deposits, or trace amounts in other ores.Īctually, one of the oldest ways of finding silver was in an alloy with gold, known as electrum, which was widely used in ancient times in jewelry, coins, or as an ornament on top of pyramids. Peru, Bolivia, Mexico, China, Australia, Chile, Poland, and Serbia are home to the majority of the world's silver mines. As a result, many mirrors are coated in it. Silver is extremely shiny! Polished silver is the most reflective metal because it reflects 95% of the visible light spectrum.
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