Uses of Silver & why you must add silver ETF in your portfolio
Hello friends lets understand about uses of silver & why me must add silver ETF in your portfolio. Jewelry and silverware: Silver is attractive, reflective, and moldable. Electrical and electronics: Silver is used in many electrical and electronic products. Solar panels: The average solar panel uses about 2/3rds of a troy ounce of silver (20 grams). Water purification: Silver is used in water purifiers to prevent the growth of algae and bacteria in filters. Soldering and brazing: Silver's high tensile strength and ductility are used to create joints between two metal pieces. All about Silver ETF What are Silver ETFs? Silver ETF is a financial instrument which tracks the price of pure silver. These instruments invest in physical silver or silver related instruments. Physical Silver of 30 kg bars with fineness of 999 parts per thousand (or 99.9% purity) conforming to London Bullion Market Association (LBMA) Good Delivery Standards are only permitted by SEBI for Silver ETF I