Silver

Silver is a precious metal with a long tradition as a valuable investment and an indispensable raw material in many industrial applications. As an investment product, silver is frequently traded in bars and coins, with the international standard weight being the troy ounce (31.1035 g = 1 oz). Silver plays a crucial role in electronics, solar energy and medicine, which drives its demand in economically stable times. In periods of economic uncertainty, many investors see silver as a reliable store of value and a hedge against inflation. In contrast to gold, however, the price of silver is more strongly dependent on cyclical fluctuations, which makes it an interesting but also more volatile investment for investors.