Are you aware of all the household and industrial uses for silver?
With the global demand outstripping the supply, the laws of supply and demand point to silver continuing to rally over the next decade and beyond. Below are some of the fields that this precious white metal is used.
Silver is a precious metal with properties that make it a well sought after component for many products. Silver is the best conductor of heat and electricity of all the metals and is a powerful anti-bacterial agent. Silver is also the most reflective of the metals in addition to being malleable and ductile. Although silver is the most plentiful and least expensive of the precious metals, it is in actuality relatively scarce due to the high demand for its unique properties, which restrict its substitution in most applications in industrial and household markets.
Silver demand comes primarily from three major sectors: industrial, jewelry and silverware, and photography. Together, these three categories represent more than 95 percent of annual silver consumption. Silver is also high in demand in the medical field because of its anti-bacterial and anti-viral properties.
Because of its wide variety of uses, silver is not just known as a precious metal, a store of value, a work of art or an industrial metal: It is all of these things!
At right, click through the various silver photos to discover how silver is indispensable, working all around us to improve the quality of our lives.