Silver is not used in its purest form. The jewellers use Sterling silver which is 92.5 per cent silver and 7.5 per cent of other metal. India mostly meets its silver requirements through imports.
Ordinary household items may also be made of silver or a silver alloy such as Sterling silver. Moreover, silver antique pieces might have much higher value than that of just the weight of the metal.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
Commissions do not affect our editors' opinions or evaluations. The price of silver today, as of 8:17 am ET, was $30 per ounce. That’s up 0.78% from yesterday’s silver price of $30.
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