Why people sell silver bullion
Silver is often undermined but it deserves as much respect as its famous cousins gold and platinum. However unlike gold, silver is a metal that has been useful as money across the globe. Unlike gold which is often used for major transactions, silver is enough for smaller transactions. Silver is also more volatile than gold. The smallest margin move can make a significant difference.
Silver has always performed better in expensive bull markets. Under these market conditions the growth of silver outperforms the growth of gold. As the world increases, the demand for precious metals like silver will increase. One has to consider the fact that silver is an industrial metal whose popularity and usefulness has exploded in recent years. Silver is used for industrial applications because of its unique properties like electrical and thermal conductivity.
For everyday buyers, however, silver is better known than jewelry material – and