What You Should Consider When Buying Silver
With a history spanning more than 7,000 years, silver is one of the precious metals that has retained its value across historical eras, political systems and changing trends. Like gold, it has always been regarded as a fundamental pillar of wealth protection. From ancient times to the present day, so-called “white gold” has been valued for the production of coins, artistic objects and everyday items.
Thanks to its outstanding properties – including the highest electrical conductivity of any metal and its antibacterial effects – silver is also an indispensable raw material for industry. However, known reserves are limited: at the current rate of mining and with demand continuing to rise, silver as a critical raw material may become increasingly scarce, further highlighting its importance as a physical asset.
With GOLDEN GATES, you have an experienced and reliable partner at your side when buying silver. Duty-free and VAT-free storage in Switzerland provides the highest level of security. Regular buyers benefit twice over: through regular, fixed payments, they purchase more silver when the silver price is low and less when the price is high. This can have a positive effect on your personal average purchase price. We offer clear terms and full transparency regarding both storage costs and brokerage fees.
Buying Silver: These Industries Rely on the Precious Metal
During the production of mirrors, glass surfaces are coated with silver. Optical applications as well as light and heat reflectors also make use of this principle.
Due to its antibacterial properties, silver is used, among other things, for coating prostheses, in wound dressings and in the production of ointments.
Silver is a key component in the production of the most widely used solar cells worldwide, as its reflective and conductive properties are unique compared with those of other precious metals.
Silver is alloyed with other metals such as copper or indium. These alloys are indispensable in many areas as contact and conductive materials.
Applications / Industries:
- Mirror and optical production
- Medical technology
- Solar technology
- Electrical engineering
Expert Tip
“Experts rarely agree – but in this case, they do: we are entering a ‘silver decade’. One reason is the broad range of applications. On the one hand, silver continues to be used for the production of coins and jewellery, as it has been for thousands of years, with demand continuing to rise. On the other hand, there is also strong demand from industry, where silver is used, among other things, in the production of electronic products, solar technologies and RFID chips.
As demand for silver is growing significantly faster than demand for gold, the current price difference will not persist in the long term. While gold almost entirely remains in the form of coins, bars or jewellery, more than half of silver production goes directly into industry. Against this background, a long-term price level of USD 100 per ounce appears entirely realistic.”
Current Silver Price
At Golden Gates, you can regularly check the current silver price. Do you have any questions about our product range or buying silver? CONTACT US NOW and, upon request, receive professional and expert advice!
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