Silver is commonly regarded as the second most-favoured precious metal after Gold, having been used in jewellery, coinage and ornaments for centuries. As well as its investment properties, silver is also widely used in commercial and industrial processes, with the largest silver production being in North and South America.
Silver is sought as a valuable and practical industrial commodity, and as an appealing investment. The largest industrial users of silver are the photographic, jewellery, and electronic industries. Newly mined metal provides most of the needed supply, and Mexico, The United States and Peru are the primary producers. Secondary silver sources include coin melt, scrap recovery, and dishoarding from countries where export is restricted. Secondary sources are particularly price sensitive. Mining companies, fabricators of finished products, and users of silver-content industrial materials can use the COMEX Division Silver Spot and futures contracts to manage their price risk. As a precious metal, silver also plays a role in investment portfolios.
Like other commodities, Silver is subject to supply and demand pricing, dropping when there is an abundance in the market place and increasing when supplies become scarce.
Other market influences include mine production. 2010 saw several high profile mining incidents which highlight the often dangerous nature of this industry.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.