Silver Trading
Silver is a crucially important commodity for both industrial and investment purposes.Silver Trading Across Industries
Silver has been understood, across various cultures and over thousands of years, as something that has value.
Today, silver is still a crucially important commodity for both industrial and investment purposes. Yet many investors want to better understand what makes silver a useful asset. Because of silver's physical strength, brilliance, malleability and ductility, people have used silver in jewelry, tableware and fine art for thousands of years. Industrial applications use silver's conductivity, being the highest of any element for electricity and its sensitivity to light and anti-bacterial qualities.Silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Silver has been called and konwn for being "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses. We can help source the silver you desire at a competive price. Contact us through our precious metal enquiry form and we will get back to as soon as we can.
Major Industrial uses of Silver
Three major industrial uses of silver – photography, solar energy, and medical – and how they are changing.
There is much more to silver than its historical use as a monetary metal, or its ongoing use in jewellery and investment. Technological use of silver accounts for over half annual demand. That demand plays an important and changing part in helping set long-term price direction.
Other Precious Metal Types
Silver
If gold is the most well known precious metal, silver is easily second. Silver has more industrial uses than gold so it’s valuable as both currency and for its industrious properties.
Platinum
If there was a ranking on “preciousness” platinum could be considered the most precious of all the precious metals. It’s 15 times rarer than gold and its more ductile than gold, silver or copper.
Palladium
Related to platinum, both belonging to the elemental category called platinum-group metal or PGM. Palladium has some of the same uses as platinum especially with its use in catalytic converters.
Gold
Gold is the most well known precious metal for many reasons, but the most noteworthy is its strong ties to global economies throughout history. Used as currency in many countries globally for hundreds of years, makes it inherently valuable and can still be exchanged for fiat currency.