Currency converter

Spot Silver
18.35 USD
25 Feb 2017 01:55
Price Change (% chg)
$0.015
(0.08%)
Prev Close
Prev Close

Closing price, the previous day.
$18.165
Open
Open

Opening price.
$18.005
Day's High
Day's High

The highest price over the last trading day.
$18.39
Day's Low
Day's Low

The lowest price over the last trading day
$18.125
52-wk High
52-wk High

Price range high in the last 52 weeks
$21.09
52-wk Low
52-wk Low

Price range low in the last 52 weeks
$15.615

Description:

Silver is a soft, shiny and heavy metallic element with a brilliant white luster. A very ductile and malleable metal, its thermal and electrical conductivity is the highest of all known metals. Besides being used as a store of value, other main uses of silver include applications in areas such as electronics, photography and as antiseptic.
Just about 27% of the supply is mined from silver deposits, while secondary silver sources including coin melt, scrap recovery, and dishoarding from countries where export is restricted meet about 20% of global demand.
The market participants who accumulate silver play very important role amid the shortfall of the supply. Thus official silver hoarders are the U.S., India, China, and Japan; there are also individuals, and investment funds.
The silver market has attracted many large investors due to the fact that central banks have no significant accumulations of the metal, and therefore cannot influence the market situation. As a result, those who possess large silver hoards relish the opportunity to shake the market in order to earn speculative profits.
The main trading instrument for operations with silver on Forex is the XAG/USD pair (silver vs U.S. dollar). If you want to buy silver for other currencies, you have to exchange them for U.S. dollars first, and then place the BUY order.