A bit more about Silver
Authenticity and Durability
In times of economic uncertainty, there are few market participators who would take advantage of the urgent and emotional demand for precious metals. The market for precious metals is completely unregulated to a great extent inviting more dubious dealers. During such situations, one should be vigilant enough to decide which precious metals to deal with and which are the trustworthy companies that would provide authentic information regarding the bullion market.
Liquidity – Capability to turn the asset into cash immediately
Liquidity plays an important factor while choosing to buy any bullion. There might be a situation when you want to sell your precious metals. Since our platform provides dealing with highly liquid bullion products, one can conveniently purchase and sell the products once brought. We at Kanak House Bullion are ready to help our customers buy or sell precious metals. We stand behind everything we sell and are happy to help our customers buyback any gold or silver product that you’ve purchased.
Silver Represented as Ag
Silver being a chemical element has derived its name from the Latin word “Argentum” meaning shiny and bright white. Silver has the highest electrical and thermal conductivity as compared to other precious metals and thus deriving more industrial value to it. This precious metal is often produced as a by-product of gold, lead, copper, and zinc. Silver is used in many bullion coins and while it is more abundant than gold, it is much less abundant as a native metal. The purity of silver is measured on “per-mille” basis.
In bullion terminology, Silver has a currency code as “XAG”. Similar to gold and other precious metals, it is an investment product that is considered as a store of value. Therefore, the value and price of silver are of great importance to silver investors.
Properties of Silver
Silver chemically represented as Ag is one of the precious metals. Having multiple properties; Silver is soft, highly ductile, and malleability is comparatively harder than gold.
Factors Influencing Price of Silver
The price of silver metal is of great importance for investment and for industrial purposes. The price of silver is determined by the supply and demand, market conditions, industrial commercial usage, present world economy status.
Major International Silver Market
As compared to the gold market, the silver market is smaller than the overall size. In general, the gold markets also trade in silver investment products. Similar to the Gold Market, silver markets include London Bullion Market Association (LBMA), Zurich Silver Market, Chinese Gold and Silver Exchange Society (CGSE, located in HongKong), and Tokyo Commodity Exchange(TOCOM). LBMA acts as a great influencer in deciding the world silver market price.