A Silver Primer
Silver is used for everything from industrial purposes to decoration to photography to medicine. Its unique combination of strength, malleability and conductivity makes it a major force in the commodity market. Along with its more well-known brother gold, investors should know what affects the price of silver, what types of investments can be made and the methods in which it is traded before making any investment decisions.
Silver is a unique commodity in that it is widely used for both industrial and investment purposes. Gold's price is primarily driven by investment demand, with only about 11% driven by industrial use. Silver's industrial demand consists of over half of the total demand.
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