Facts About Silver

Silver is a metallic chemical element symbolized Ag in the element chart.

Silver is a precious metal and is used to make jewelry by design, expensive tableware, coins, and all sorts of decorations.

Jewelry by design and silverware are made from sterling silver which is an alloy composed of 92.5% silver and 7.5% copper.

Therefore all silver jewelry are always marked 925, to prove their authenticity. All silver jewelry pieces that are sold are sterling silver jewelry.

Alloys of silver with mercury, tin and other metals are widely used in the dental industry as dental fillings.

The major countries that produce silver to the world market are The United States, Mexico,Canada,Peru,RussiaandAustralia.

In 1980 the price of silver rose to a peak of 49.45 USD per oz. this peak was due to market manipulation made by Nelson and

Herbert Hunt. After some time, the price backed down to around 10 USD per oz.

In the years 2001 to 2011 the price of silver moved up from around 4 USD per oz to around 49 USD per oz. This was an all-time

highest price and since the peak in April 2011 silver prices remain around 30 USD per oz