Hi,
On Monday, October 3rd, 2022 silver saw a gain of nearly 9%, which registered as the highest daily gain for silver since November of 2008. The months of October/November in 2008 also registered as the bottom for silver hovering around $10 USD per/oz. From that spike in November, silver gained 400% over the next two…
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Category: Silver Coins
Top 10 countries with highest silver production
Highest silver production Silver is a precious metal that is employed in both industrial purposes and as a store of value. Through commodities markets, exchange-traded funds (ETFs), and mining company equities, investors and traders can purchase actual silver. Multiple uses can be made of the metal, silver. Although it is technically a precious metal, most…
Historic review of Silver
Historically, silver has been regarded as a precious metal. Many bullion coins contain silver metal, sometimes in addition to gold. Beginning in 3000 BC, a focused effort was made to mine silver. The first complex processing techniques were developed by the ancient Chaldeans (present-day Turkey) about 2500 BC to extract silver from lead-silver ores….
Silver Spot Price: How is it Determined?
A spot price is the fluctuating market value of a commodity purchased or sold on a commodity exchange under a contract for prompt payment and delivery. Silver Spot Price today refers to the estimated cost of 1 troy ounce of silver that is ready for immediate delivery before being coined into bullion bars, rounds,…
What is meant by trading Silver Futures?
A silver exchange-traded fund (ETF) mainly invests in hard silver assets, which are held in trust by the fund manager or custodian. The objective of silver ETFs is to closely follow the spot price of silver on the open market. Silver price fluctuations will affect these ETFs’ NAVs. An ETF for silver’s investment is…
