Silver
Silver is widely used in industrial processes and about half of the demand for silver comes from this source. Silver was also widely used in photography, but this is declining sharply; in 2003 consumption was about 200 million troy ounces, but this had fallen to about 50 million ounces in 2013. Silver is also used for jewelry and coins. Demand for silver for speculative or investment purposes fluctuates wildly from year to year. In 2007 it was estimated that no silver was bought for this purpose, but in 2013, investors bought about 245 million ounces of silver.
Properties
| Name | Silver / Argentum |
|---|---|
| Price | ... |
| Highest price | $49,45 / oz (1980) |
| Production | Mexico (20%), Peru (14%), China (13,4%), |
| Produced in 2021 | 27.000 tons (868 million oz) |
| Areas of application | |
| Solar panels, Aviation, Electronics (switches, superconductors, printed circuit boards), Filtration (anti-bacterial), Medical equipment, Water storage, Battery technology, Chips, Automotive industry (including ABS, windows, locks, brakes), Photography, Aerospace | |
Price history
Silver is also known as "devils metal" due to huge price swings in the past. This is in contrast to gold, which has a stable price trend. As a result of increasing demand from various sectors, the price of silver has gradually increased in recent years.
Investing in coins
Silver coins can be a better investment compared to silver bars. Silver coins are sold at margin and without taxes. The margin represents the portion that the selling party earns from the sale of the coins. The government sees the currency as legal tender and therefore does not charge taxes.
Invest in bars
Silver bars are less interesting as an investment in some countries due to the fact that VAT has to be paid on them. However, there are options to buy the product in some stores, but have it stored abroad. With large investments, the purchase of silver bars is therefore still interesting because the margins are sharper that way.
Silver as a possession
Silver coinage is the oldest form of mass production, in which a precious metal is converted into a form of value. It has been a means of payment and an investment option for decades. Silver occurs freely in nature and is also well known by the symbol Af, from the Latin word argentum. The precious metal is used in payment methods as well as in industry and high-tech systems, such as solar systems, smartphones, tablets and automotive systems. Due to its widespread use, the demand for silver has increased enormously in the world.
Does silver hold its value?
The exchange rate of the silver price is not as stable as that of gold, this is due to the fact that the industry determines more than half of the world's demand. Solar panel suppliers are currently sourcing to meet the demand for their products. Because external branches have different applications with silver and these branches are highly dependent on the global economy, you notice that supply and demand from the industry have a major influence on the silver price. Despite the fluctuating price, silver remains a stable investment and the silver price is growing in a nice growth line. Where forced sale at an unfavorable moment can certainly make it a negative investment.
What is 1 troy ounce of silver?
What does 1 troy ounce mean? This is the trade measure or volumetric weight in which silver is traded. The troy ounce is the metric system agreed upon worldwide for precious metals. 1 troy ounce is equal to 31.1034768 grams. Be careful not to get confused with the ounce measure here. The standard ounce is 28,349 grams, about 10% less.
So always pay attention to the unit of measure when purchasing silver. This can make all the difference if you buy 1 kilo of silver. One kilogram is equal to 32,1057 troy ounces.
Popular silver investment products
Compared to gold, silver is an 'affordable' product to invest in. The silver price means that many private investors and collectors already have different types of silver coins and bars in a safe. The investment in silver is more of a speculative investor product due to the volatile exchange rate. When investing, you must take into account whether you pay VAT. In Europe this is on average 20% (Netherlands 21%, UK 20%), because silver is considered a raw material. On silver coins you only pay margin and no VAT, because silver coins are considered legal tender.
Silver Bullion Coins
American Silver Eagle Coin is one of the most famous silver coins in the world. In 1986 the first American Silver Eagle Bullion was minted by the United States Mint. On the front is the walking Statue of Liberty of America. The reverse shows the eagle with open wings and arrows and olive branch in its legs from 1986 to 2021. Since 2021, the rear design has been changed to a Bald eagle landing on a branch.
Brittania Silver Coins contain exactly 1 troy ounce of silver and have a face value of £2. The Brittania silver coins are also produced in smaller denominations of half, quarter and tenth troy ounces. Queen Elizebeth II is depicted on the obverse and a female figure portraying the personification of the United Kingdom on the reverse. The first Brittania silver coins were minted in 1997 and the coin has a finesse of 99.9% silver.
Queen Beasts Silver Coins are an exceptional collection of different silver coins since 2016. With Queen Elizabeth II on the obverse and 1 of the 'beasts' on the reverse. The series is minted by the British Royal Mint and consists of 10 different types of Queen's beasts. In the series you will find the Lion of England, Griffin of Edward III, Red Dragon of Wales, Black Bull of Clarence, Unicorn of Scotland, Yale of Beaufort, Falcon of the Platagenets, White Lion of Mortimer, White Horse of Hanover, White Greyhound of Richmond and the Completer Coin depicting all of Koining Elizabeth II's 'Beasts'.
American Silver Buffalo Coin has a profile of an American Indian on the obverse. On the back the American Bison. The American silver Buffalo coin was launched in 2001 in a limited edition of 500,000 coins. Within 2 weeks the American Buffalo coin was completely sold out. Because the coin was so popular, the National Museum of the American Indian twice asked for more coins to be produced, without success to date.
Australian Silver Kookaburra Coin is truly a collector's item. Every year the design of the Kookaburra bird on the back changes. The Kookaburra bird is a native bird of Australia with an exceptionally distinctive sound. The obverse depicts Queen Elizabeth II of the Commonwealth. The purity of the silver is .999 of the coins that were minted in 1990 to 2018, after which the carat content was increased to .9999.
Australian Silver Kangaroo Coin was launched by the Royal Australian Mint in 1993. It depicts a leaping kangaroo encircled by radiant sun rays. On the reverse is the effigy of Queen Elizabeth II. Every year an edition is published in which the current year is printed. The Australian Silver Kangaroo Coin is 1 troy ounce or 31.1 grams of silver.
Chinese Silver Panda Coins were first produced in 1983. In the years 1983, 1984 and 1985 the Chinese Panda coin consisted of 27 grams of precious metal of 0,900 carat silver. Only in 1987 did the silver coin go to 1 troy ounce with a karatness of .925. There are multiple Coin producers in People's Republic of China. Because there are several locations where the coins are minted, the Chines silver Panda Coins do not bear the coin mark from which company they come from.
Canadian Silver Maple Leaf Coin has been on the market since 1988. Because of the high karat .9999 silver that is processed in the Canadian Silver Maple Leaf, it is a sought-after silver coin. Queen Elizabeth II is depicted on the front and the Maple Leaf on the back with its gossamer threads in the leaves of the leaf. The Canadian silver Maple Leaf coin is usually sold in stacks of 25 coins.
Krugerrand Silver Coin On the face of the coin is the image of farmer and the president Paul Kruger of the South African Republic (ZAR). On the reverse is the national animal the Springbok jumping over the national type plant aloe vera. The Rand Refinery and South Africa Mint smelters are the producers of the Krugerrand. The silver Krugerrand only came on the market from 2017 as part of the 50th anniversary collection. Because the demand for the silver Krugerrand was so high, permission was given for additional editions.
Vienna Philharmoniker Silver Munt is in 2008, after the great success of the gold coin, the production of the silver Wiener Philharmoniker also started. It was the first European silver coin with a carat content of 0.999. Demand was so high that within a month the millionth Vienna Philharmonic was struck. The silver Vienna Philharmoniker coin only exists in the 1 troy ounce version.
Where is the best place to buy Silver?
TheMetalVein helps you in your choice for silver. Scroll through the website, use filters and discover your favorite silver coin. Decide how much money you want to convert into silver. We give you information about the price, weights and which website(s) sell the same coin. TheMetalVein helps you and see which gold coin or bar is your best purchase across national borders.
