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However, the price of silver plummeted 58% in October 2008, along with other metals and commodities, due to the effects of the credit crunch. [15] By April 2011, silver had rebounded to reach a 31-year high at $49.21 per ounce on April 29, 2011 due to concerns about monetary inflation and the solvency of governments in the developed world ...
1,000 oz silver bar. A metal is deemed to be precious if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish.
Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes alongside gold: [12] while it is more abundant than gold, it is much less abundant as a native metal. [13] Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine".
Gold futures surged past $2,760 per ounce on Friday, extending a rally that has pushed the precious metal up more than 30% since January. Silver followed suit, briefly exceeding $34 per ounce ...
The measurement of sales of popular music starts high relative to the wedding anniversary scale, concentrating on gold and platinum (see gold album).Likewise, credit card companies usually have a "gold card" and a "platinum card" (many formerly had a "silver card" then followed by a "gold card", but due to similarity in appearance between silver and platinum these were often discontinued with ...
However, lumping gold, silver and other precious metals into a single asset class can muddy the picture. See: 10 Valuable Stocks That Could Be the Next Apple or Amazon Find: 3 Things You Must Do ...
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