Silver has industrial, commercial and financial uses. The price of silver has been rapidly increasing recently.
Industrial Uses
As a metal, silver conducts electricity and resists corrosion and oxidation. Additionally, it is less expensive than gold. These qualities make it ideal for electrical applications.
The number one industrial use of silver is in electronics, according to Geoscience News and Information. Silver coatings are used extensively for electrical contacts and switches. Silver paste is used in the construction of solar panels.
Silver and silver compounds have medicinal uses because of their antimicrobial properties. Studies have also shown that certain compounds have anticancer properties.
Commercial Uses
Jewelry and silverware are two prominent commercial uses.
Other silver or silver-plated products include items like Olympic medals, trophies, watches and glasses. There are many products that can be enhanced with silver plating.
Financial Uses
Silver is used in coins and is considered a store of value worthy of investment. Although not as valuable as gold, it is still considered a precious metal.
Silver has industrial, commercial and financial uses including electronics, medicine, jewelry and investment.
About C&C Machine
We are a precision CNC Machine shop in Oklahoma. We don’t manufacture any products from silver. We do use copper for electrical components like bus bars. The price of silver has been increasing lately and that made us curious.
