SILVER: Investing in Silver
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Silver is typically sold by the gram as bullion (pure silver that can be melted and mixed to make the silver alloys). The price per gram is the same globally and changes over time; some people profit off these fluctuations in price by buying and selling as you would any other commodity. Silver is a finite material in the Earth’s crust meaning that as time goes on we get closer to the day it runs out. As demand remains relatively high for silver and the supply is running out, silver appreciates over time making it a smart investment!
Silver bullion has the same currency code as gold, platinum and palladium - XAG. Prices for silver are usually quoted in troy ounces (=31.1 grams). The price is determined by several major international banks and published every working day at noon (London time). This price is used by London bullion market members for that trading day.