Silver is a precious metal that has a wide variety of uses. It is used in industry, for investment, and is also popular for use in jewelry and other decorative items.
It is used in many industrial applications because of its excellent electrical and thermal conductivity, low cost, and malleability. Silver alloys are used in batteries, solders, jewellery, and bearings. It is also used to make coins, mirrors, and electrical contacts.
The difference between silver and gold is that silver has a lower purity than gold. The impurities in silver give it a darker color, whereas gold is more yellow in color. Silver is also more reactive than gold, meaning that it tarnishes more easily. Finally, silver is less valuable than gold, making it more affordable for investors.
There are several ways to invest in silver. You can purchase physical silver bullion, or invest in silver mining companies or ETFs. You can also purchase silver futures contracts on certain exchanges. And of course, you can include silver coins and bullion as part of a precious metals IRA.