Sterling and silver metal are the same with a different composition where the method to produce the two is different, and the techniques, lifespan and price also vary. The silver metal has always been a symbol of wealth and prosperity.
The recent turmoils in the geo-political situations have created opportunities for the precious metal buyers to invest in safe havens where the white metal continues to show gains, and its spot price gained 2.96 per cent to $17.94 in the mid-weeks of September after the Saudi Arabia incident of drone attacks on world’s largest oil processing unit.
The Yemen Houthi rebels claimed the attack was expected to affect crude production by 5% of daily world’s output.
It has a chemical symbol Ag, and when it is 99.9 per cent pure, it is soft and difficult to mould as it breaks and is very delicate and can be bent or damaged.
It also tarnishes very fast and leads to discolouration and fading, which makes it look dirty. It will be marked for 99.9 per cent fine and 0.01 per cent of other trace elements.
The shiny silver bullion from it requires several manufacturing processes to depict vivid shapes. The alloy can sustain heat, pressure and other types of manipulation, but the fine ones can become brittle and fall apart.
It requires hours of carefully working to craft the products to get the shapes and is highly laborious and specialist work. Hence, such designs can be expensive due to the higher labour price, whereas sterling is 92.5% pure and 7.5% alloy can contain zinc or copper.
Alloy is cheaper, and its fake copies can be widely found in the market. It is advised not to buy it from unidentified and unreliable sources as the percentage of alloys used in it can be more in items bought from such sources.
Some jewellers also provide silver metal-coated items, and some sell fake jewellery.
The cost of items made from alloy is less than the actual price. The looks are bright, like the fine ones, but such items provide the satisfaction and affordability to hold some timeless products.
It can be more durable due to the presence of other elements, making it avoid tarnishing and look the best possible for a longer time.
For investors, the fine ones can be bought as a commodity in the form of coins or silver bullion, and they can also be used in manufacturing wires, grains and bars. At the same time, sterling can be made into cufflinks, chains, designer ornaments and tableware.
To identify the real sterling, look for the hallmark of 925. Items made from fine elements are not magnetic, but the alloy may show magnetic properties and get drawn to magnets.
If nitric acid is poured on it and turns green, it is not as pure as it discolours items made from other low-priced elements. In comparison to fine, sterling does not tarnish fast. So it can be identified by keeping it in air and water for some time.
To learn more about precious metal investments, click 99 Alternatives at (http://www.99alternatives.com).