Daily Silver Market Prices at ALLU

Silver in Accessories and Industrial Products

According to some historians, silver's use dates as far back as 3000 bc. In times predating metal refinement technology, silver was even valued above gold. Currently, silver is used across a variety of goods, including silverware, silver ingots, coins, accessories, etc. Silver is traded for industrial purposes as it possesses a number of useful attributes, such as being a good conductor of heat and electricity, having high reflectivity, and being antibacterial. At ALLU, many customers come to us to sell their silver jewellery, but we also buy silver products produced for industrial purposes. Here, we discuss silver's use in jewellery, manufacturing, and investments.

Characteristics of Silver

Common silver uses include jewellery, silver coating, raw silver investments, silverware, and also a variety of manufactured goods. In jewellery, silver is almost always used as a mixed alloy. This is because pure silver is quite soft and can easily be damaged or form dents. Silver is often regarded as having the best thermal as well as electrical conductivity among all metals. Due to its high ductility and malleability, silver can also be formed into a variety of shapes. Recently, cleaning products that use silver nanoparticles have become popular as well. These nanoparticles retain silver's antibacterial nature and effectively kill bacteria in clothes and prevent odours. Silver is also the metal with the highest reflectivity. Most products that require reflectivity use silver because of this, with the most representative example being mirrors which have excellent reflectivity when made with high-purity silver.

Silver as a Low-Risk Investment

Silver is one of the leading precious metal investments like gold and platinum. Silver has one of the smaller precious metal markets, but as an asset, it is appealing due to its stability. As a physical asset, silver is inflation-resistant, and depending on the state of the global market, silver investments can even return more than gold. Silver is also relatively cheap compared to other precious metals, making it a good investment for new investors. Due to its wide-ranging industrial use, the possibility of silver going out of use is almost nonexistent. As a long-term investment, you can expect future profits. Even if you started now, silver would be a solid investment. However, a downside of the silver market is that it is small and rapid and significant changes are common. The classic buy low, sell high strategy is an investing strategy that capitalizes on this market volatility.

About Silver Accessories

Most silver accessories use the 92.5% SV 925 silver alloy. This is commonly referred to as "Sterling Silver," and the remaining metal content is usually copper or nickel. Sterling silver has a hardness and a lustre appropriate for accessories while being easy to make and resistant to scratches. A downside to silver jewellery is that it can discolour and darken through everyday use. While some value tarnished silver, for those who want to avoid this, it is recommended that you properly clean your silver jewellery after use.

Popular Silver Jewelers and Brands

Silver jewellery is carried by fashion brands all over the world. The world's five largest jewellers, Tiffany & Co., Bulgari, Cartier, Harry Winston, and Van Cleef & Arpels, all carry a large variety of high-quality silver products. The silver jewellery market is generally targeted towards women, but some silver products are popular with males. For example, the fashion brand, Chrome Hearts, features a variety of male-centred silver products designed in a Gothic style. This brand is popular with actors and celebrities, and if you have a specific model that is the same as one worn by one of these famous individuals, it may fetch a higher selling price. Many brands carry silver accessories, for example, Lone Ones, Royal Order, Crazy Pig, Justin Davis, etc. Each of these brands are popular with international appeal. At ALLU, we welcome and actively make offers for all silver products. Our trusted Value Designers will conduct an appraisal on-site. Even products with no certification or identifying marks are eligible. For accessories, appraisals will also consider the brand name as well as the design when determining a selling price. When looking to sell branded items, please bring the box it came in and/or any other identifying documents that came with the item. Items sold with these accompanying items and documents may be worth more. If you have any unused silver items at home, take advantage of our services and request an appraisal at ALLU today. Appraisals are entirely free, and we can provide consultations using a variety of methods, such as social media apps, email, or even our home service, in which you can receive an appraisal from the comfort of your own home.