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What is silver?
Silver is a ductile, malleable, brilliant greyish-white metal.
The chemical symbol for silver is Ag, meaning 'argentum' - an ancient or poetic word for silver.  The term 'sterling' for English currency denotes a specific weight of silver. When we say something is 'sterling' we mean 'excellent'.
The price of silver and other precious metals is quoted in terms of troy ounces. The term 'troy' is derived from Troyes, France, a major trading city of the Middle Ages. One troy ounce equals 31.1 grams.

What are the properties of silver?
Silver has the highest electrical and thermal conductivity of any metal. It is malleable (easily shaped), ductile (can be drawn into very thin wire) and has antiseptic properties.

Occurrence
Silver ranks about 66th among elements in natural abundance in crustal rocks.  It occurs in the pure state to a small extent; the most notable deposits of native silver are in Peru and Norway, where the mines have been worked for centuries.  Pure silver is also found associated with pure gold in the form of an alloy known as electrum, and considerable amounts are recovered in the processing of gold.  Silver is usually found combined with other elements (of which sulfur is the most predominant) in minerals and ores.  Some of the important silver minerals are cerargyrite (or horn silver), pyrargyrite, sylvanite, and argentite.

Silver also occurs as a constituent of lead, copper, and zinc ores, and half the world production of silver is obtained as a by-product in the processing of such ores.  Practically all the silver produced in Europe is obtained from the lead sulfide ore, galena.  In the United States, relatively few mines are worked for their silver alone—the silver is mined in conjunction with lead, copper, and zinc. In 2003, U.S. mines produced 1,240 metric tons of silver, about one-eighth of the production worldwide.  Most of the silver mined in the world comes from Mexico, the United States, Peru, Australia, and Canada. The leading silver-producing states in the United States are Nevada, Idaho, Alaska, and Arizona.
(source:  Encarta)

see also: 
Silver Metallurgy

What has silver been used for in the past?
Silver has had many practical and artistic uses. Because it was found as a free metal and was easy to work it was put to a variety of uses. The early discovery that water, wine, milk and vinegar stayed pure longer in silver vessels, led to its use as a container for long voyages on land and sea over 2,500 years ago.

What is silver used for today?
The many properties of silver mean that it is widely used today in science and technology. Each year over 7,000 new patents and papers are published which describe a product or process in which silver is a vital part.
Silver has a range of specialised electrical, mechanical, optical and medicinal properties. Silver is used in solar panels and spacecraft, plumbing and pendants. It has not been an easy metal to replace as new technology reveals additional applications.

Technology
The photographic industry takes 35% of the silver used each year throughout the world. Silver halides, coupled with dyes produce colour photographic images. X-Ray and black & white photography also rely on silver.
Watches, cameras and calculators use silver in their batteries to provide higher voltage and longer life. Silver oxide-zinc batteries, which have twice the electrical capacity of lead-acid batteries of the same size, are used extensively in aircraft and submarines, where weight is critical.
Silver concentrates the sun’s rays on solar collectors, It is found on the backs of mirrors and protects the heat-reflecting gold film on windows. Under the keys of almost every personal computer is a panel of switches with silver contacts to carry out the countless millions of instructions.
Silver thiosulphate prevents the release of ethylene gas from cut flowers to produce longer lasting blooms destined for export. Silver can be prepared as crystals of silver iodine and seeded into cold cloud to produce raindrops or snowflakes.

 

                

above left: Silver is used in x ray, as well as colour and black and white films.
above right: Silver is used in watch batteries.

 

Around the home
Water filters used to purify swimming pool and drinking water use silver to prevent the build-up of bacteria and algae. Microwave cooking is made more appetising due to a silver alloy coating applied to the bottom of microwave cookware. The surface of the cookware will reach 260 degrees C in five minutes, resulting in a browning or crisping of food surfaces.
We use the term 'silverware' to indicate the best cutlery. Many of the best table accessories such as knives, forks and spoons; jugs, serving dishes and trays are made out of silver.
 

                             

above left: Silver sulphadiazine-based burn creams are a life saver for burn victims. The burn cream is antiseptic and does not retard the growth of cells.
above right: Arthritis pills showing their silver coating.

Medicine
Silver—and gold—are used in the treatment of arthritis where gold can be injected into muscles, and silver is used to coat arthritis pills.
Burns are disinfected with silver creams and bones are mended with cement containing antibacterial silver salts. Silver is combined with the powerful chemotherapeutic agent sulphadiazine to produce a drug 50 times more powerful than sulphadiazine alone. It is the most widely used drug for treating burn wounds.
Silver is also widely used in dentistry. Silver nitrate can be administered to new-born infants’ eyes to eliminate the incidence of Gonococcal Ophthalmia, a disease which can cause blindness.
[source]


see also:
Why Invest in Silver?
How to Invest in Silver

Silver Investment - Physical
Silver Investment - Electronic
Silver Storage
"A Brief Guide to Buying Silver: What Kind and Where to Get it (U.S.)"
"Why the Silver ETF will Send Prices Soaring"
 

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