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The spot silver price is the price for immediate cash settlement for the day.
The wide use of silver in electrical and electronic industries, medical applications, jewelry, coins and medals and various commercial applications accounts for the importance of silver in the world market. Silver investment includes various options like silver stocks, jewelry, bullions, and coins.
The value of silver stocks depends not only on the spot prices, but varies depending on the type of your holdings. Silver bullions in the form of bars and coins provide fair returns in the long term. On the other hand, jewelry, in spite of high purchase value can result in a low resale value, which does not seem to be a good option for the investor, although its beauty is very appealing to the jeweler and customers. Hence in terms of spot silver price, silver bullion is the best way for profitable long-term investment.
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