Silver is among the most well-known metals. Although it is often associated with gold, the value of silver is much lower than gold. Silver ranks tenth among the world’s most precious metals. The answers of “why silver is cheap, how much silver is there in the world” are in the rest of the article. You can browse here for Dubai Financial Market DFM Companies and Shares.
Why Silver Is Cheap? How Much Silver Is There In The World?
Silver is much cheaper than gold. There are many reasons why silver is cheap. We can briefly list these reasons as follows. Silver is found more than gold and other precious metals. Silver is less conductive than gold. Silver may rust. Since silver is not yellow like gold, it is less preferred for jewelry, jewelry and ornaments. The amount of silver in the world is calculated to be 90 times the amount of gold. Currently, the amount of silver mined every year is equivalent to 90 times the amount of gold.
When Will Silver Reserves Be Depleted? Silver Gram Convertions!
Silver reserves in the world are not expected to be depleted in the near future. Because the production from rich silver deposits is carried out in a limited way in order not to make a bottom in prices. In addition, it is among the strong predictions that there are unexplored silver deposits in different geographies. 1 ounce of silver is equivalent to 31.10 grams. Currently, an ounce of silver is traded at around $ 26.90.
For details information of silver: https://en.wikipedia.org/wiki/Silver