With gold selling at a high price and a high demand, you would think it would be more valuable than silver. The industry actually has a heavy demand for silver and a lower demand for gold. There is a higher demand for silver, yet gold sells for more. Silver is more valuable to the industries because they use more of it. Gold is more ample. The suppliers have documents that there is more gold in supply than silver, yet the price of gold is higher. While many may be confused by this, it is the case.
There is nothing else in the world that can multiply in net worth like silver. Right now silver is the lowest it has been in over 200 years. Silver is used in a lot more electronics than gold. All of the digital products that are used today use silver in them. The reason silver is more valuable than gold is because there is less silver in the world. Most of the American Banks have sold off most of the silver stockpile. Tons of gold bars and coins are sitting in banks while most of the silver is being used for industrial use. Both gold and silver have certainly had good prices lately. Silver, as soon as it is produced, goes for industrial use. It is not collected like gold.
Gold and silver are each traded in dollars and cents per ounce. They are sold in increments of $0.10, even if there is a wide range in the market. They still have to move in the same increments according to the open market. The best months for trading in gold is February, April, June, August, October and December. The best time for trading in silver is March, May, July, September and December.
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