Simple Facts About Silver

Simple Facts About Silver

To understand why investing in silver makes sense, an investor should first know the root of the demand for the precious metal. Demand for 95% of all silver stems from three main pillars:

1. Industrial Demand

2. Photography

3. Jewelry & Silverware

The appeal of silver in shiny jewelry, tableware, and mirrored walls is so strong that almost no home is without them. The industrial usage of silver keeps our modern society running efficiently. Silver can be found inside computer and electrical devices to power electric current into homes, automobile dashboards, washing machines, appliances, microwaves, cell phones and other electrical devices/mechanical inventions.

Silver is unique because of it’s shiny appearance, weight and amazing lack of corrosion. This in where the value of silver lies and the contributing factors to the metal being one of the earliest metals used as a medium for exchange. It was discovered long ago that silver had unique properties that kept water, milk, wine and vinegar fresh for longer periods of time by storing these liquids in silver vessels during long voyages.

In more modern contemporary times, the very first telegrapher tapped out code in 1832 via a silver electrical contact that made the current flow. Joseph Niepce created the first photographic image using silver nitrate through a camera-like device. Dr. Carl Crede made an important medical discovery in 1884 by using silver to kill viruses that caused blindness in generations of children at birth.

If you are currently looking at silver as an investment and seeking to purchase silver this is only background information concerning the history of silver. It is important that you are aware of new developments in the silver market for 2o11.

Read our article: 5 Things Every Silver Investor Should Know