What is silver, and why do people still invest in silver, is it worthwhile to invest in silver?
Silver is a metallic element with the atomic number 47. Silver was discovered in ancient times, and used by the ancient Greeks, Romans, Asians, South Americans, and the Chinese. Silver is also mentioned in the bible. Nowadays silver is considered an attractive form of investing. Nowadays investing in silver for beginners is a great way to start investing.
Silver is a soft, white, ductile, malleable, lustrous transition metal. It is the metal with the highest electrical conductivity, thermal conductivity, and reflectivity of any other metal. Its high cost has prevented it from being widely used for electrical purposes.
It is one of the scarcest elements. Most silver used today is obtained from its ores, including argentite. The top producers are Russia, Mexico, Australia, the USA, and Canada.
In our time, silver is used in solar panels, water filtration, jewelry, tableware, dentistry, coinage, photography, electrical contacts, printed circuits, and medicine. Silver was once referred to, the noble metal, due to its long association with aristocracy. The other two noble metals are. gold and platinum.
The Lydians were the first to cut silver coins, and that was back in 700 BC with many nations to follow after that. The trend continued till the year 1967 when the last Swiss coins with silver produced.
Nowadays, silver is still used as currency by many individuals and legal tender in the US in the state of UTAH. On the other side, silver coins and bullion are being used by many individuals, who want to protect themselves against inflation and devaluation of the currency.