Silver Coins – This is the apparent answer, most countries do not presently utilize silver in their coins but many will employ silver for special edition issued bouillon coins and for celebration coins which are sold far above face value. Mexico however uses a little bit of silver in their coins.
Picture making – Silver halide is used for x rays, motion pictures and cinematography. The introduction of digital technology had limited a little of the demand for silver in these spots but with the industrialization of 3rd world places this has more than offset the effect of newer practices. Silver Prices will be effected by the enlarged usage in this area.
Batteries – Silver is rising as the new-fangled standard for batteries whether it be disposable or rechargeable. Silver oxide cell batteries, in particular those used in the digital cameras, hearing aids and watches (small disc batteries) are made of 35% silver by weight. Environmental considerations have amplified the need for silver oxide batteries in cell phones and notebooks and exchanging the lithium ion batteries.
Electronics – Silver is used in everything from your programmed toll passes to those tracking devices that deter people from taking your belongings or announce off the alarm at your department store when you forget the tags on your new shirt. Silver is also used to coat dvd’s, cd’s and in plasma tv’s and video display units.
Solar Power -Silver values are effected by the surfacing of sun power, this is the technology of the future and is utilized all across the world. Silver is employed in over ninety % of all solar panels in use these days and a good number of big corporations are going to solar power. Many people are taking benefit of the environmental and the financial adantages of self created electricity.
Mirrors and Coatings – an ultra energy proficient window using silver as a covering can reflect up to 95% of all uv rays. This keeps the very high temps out of your home but also keeps the interior heat in, this makes for an ideal, year round environment control scheme. It is also being utilized in paint and gives an antibacterial barrier which is enormous in health care and food service facilities.
Medical – The utmost medical appliance of silver is the aptitude to reject bacteria and in essence decrease the probablity of infections. Surgical tools which were made strictly of “surgical metal” are now coated with silver, this is proving to be valuable even against the omnipresent “MRSA” a possibly life threatening staph bacteria. The media publicity of this super-bug will keep demand for the silver covered tools and also drive up silver prices.
Water Filtration – Silver on a daily basis is becoming more and more prevelant in water filtration systems that are used in pools, spas and health care facilities. The use of silver will help reduce the need for chlorine and other tough chemical substances, it prevents the build up of microorganisms and algea. If people continue to be eco-friendly this can be friendly to silver costs as well.
Jewelry – Jewelry is fancied by designers to use in rings, earings and necklaces but is too pliable to use on its own. Silversmiths will typically alloy it with other metals such as copper to harden it, this is precisely what stering silver is.
Silverware and Table settings – Silver cleans up very nice and does not tarnish easily. Sterling silver has been the standard in flatware ever since the 14th century and can be a little pricey because of silver prices. A less expensive alternative for tableware is a plated silver coating that has the attractiveness of silver but not the price tag.
These are Only The Top 10 Reasons Driving Up Silver Prices, There Are More!
Silver prices go up and down, I will not guarantee that silver prices will go up.
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By: Dominick Zirilli
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