LeoGlossary: Silver

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One of the precious metals along with Gold.

In the world of commodities this is a metal that is mined to be sold into the open market. Typically it is used in the production of jewelry, coins, electronics, and photography.

Silver is less abundant than gold in total yet less abundant as a native metal. Due to the scarcity, it is one of the most highly valued precious metals along with gold and platinum.

Investors have long favored silver for this reason.

Like gold, it is long used as a form of money. Coins were often make out of silver.

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