The spot silver price refers to the price of silver for immediate delivery. Silver is sometimes referred to as monetary metals as it has historical uses as currencies and is seen as a store of value however, silver has a significant industrial component, equivalent to almost half of its markets, because it is less reactive, good conductors and highly malleable. There are five main precious metals openly traded on various exchanges, Silver is the second largest market in this specific sector. This is a classification of specific metals that are considered rare and have a higher economic value compared to other metals. Silver Price Guide WHAT MAKES SILVER A PRECIOUS METAL?
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