by Visual Capitalist
From our perspective, silver is the most fascinating metal in existence.
Silver is best known for having extraordinary properties that have made it an effective monetary metal for thousands of years. Currency buffs all know the metal as being rare, durable, fungible, malleable, ductile, and divisible, which match the properties of money agreed on by most economists. Silver, of course, has been used by civilizations ranging from Ancient Rome to the United States for monetary purposes.
However, these monetary uses are just the tip of the iceberg in terms of silver’s overall utility. More than 50% of all silver uses are for industrial applications, and it’s not just a single application that dominates that mix.