Silver was one of the first of five metals to be discovered. Native silver is found in Earth’s crust in its purest form and is a commodity that is alloyed with secondary metals like copper.
The world’s leading silver producing countries include Mexico, Russia and Australia. Most of the silver produced for the industry comes from mining, scrapping and piling.
- Mining produces approx. 85%
- Scrapping produces 15%
- Piles produces 1%
Used to create coins, jewelry and machinery, this precious metal is one of the most popular investment products among commodity investors. Like gold, silver is turned to as a safe haven asset and in barter situations. It has a lower value compared to gold, making it easily accessible for investment purposes.
Silver prices are determined by a variety of factors including:
- Supply and demand
- Government policies and regulations
- Economic stability
The precious metal is also usually in high demand by collectors who seek ancient, rare and high-caliber coins.
Depending on the commodity’s performance, trading Silver Futures, ETFs, and CFDs can move up or down.
With our latest tools and technology, you can effortlessly trade Silver at Almahfaza. We provide traders with a responsive platform to easily and quickly open and close trades. Traders can also take advantage of Almahfaza’s educational tools and charts that can help in making better trading decisions.