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Silver demand growing with old and new uses

Thursday, December 15th

Silver rallied to $48.70 an ounce in April, and after giving back 40 percent of its value by September, started to recover before its latest setback. Silver has grown as an investment vehicle in the last decade and has a number of things going for it on the industrial side, says Dillon Gage Metals of Dallas.

"Silver is much more than jewelry and sterling tableware," says Terry Hanlon, President of Dillon Gage. "It's not just for wedding presents and birthday gifts but has widespread uses throughout the economy."

Strong, malleable silver can be made into various forms, wires and threads. It's a good electrical and thermal conductor for all types of circuits and connections. Silver conducts rather than absorbs heat and can endure temperature swings, making it an excellent soldering agent for joints that undergo expansion or contraction in heat and cold. It's also a reflector and has anti-bacterial properties.

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