Silver is a precious metal, which is characterized by the best thermal and electrical conductivity of all known metals
Price of silver is quoted in U.S. dollars per troy ounce, where one ounce is 31.1 grams of metal.
It is used as a component of various alloys in the electronics and the photographic industry, manufacturing CD / DVD media and jewelry. Silver is an important raw material also for manufacturers of computers, mobile phones, TVs and batteries.
The major oil producers are Poland, Peru, Mexico, China, Australia, Chile, Russia, Bolivia and the United States. Its price is influenced by the general economic climate and the demand from the industrial sector.
Rule of thumb
London is the most important market in the world in terms of silver tradingWorld’s most famous stock exchange on which silver is traded