Gold is typically worth more than silver because it is in higher demand among several markets, according to JM Bullion. Gold is used more for fashion jewelry, viewed as more of a viable currency than silver and is more desirable to investors and central banks, as of 2015.
Silver is a pure metallic element, and white gold is an alloy created by combining gold and a white metal. Common metals used in the creation of white gold include nickel and palladium.
Some ways to sell gold and silver include mail-away operations, hotel gold buys and jewelry stores. These methods all work to get rid of gold and silver, but each has its advantages and disadvantages.
Since gold is worth significantly more than silver per ounce, it is logical that gold will always be worth more than silver. For example, the live spot price of gold on April 7, 2015, was $1,211.82, but the silver spot price was just $16.92, according to JM Bullion. This substantial gap in the price
Some places to sell gold and silver include private gold and silver dealers, gold parties and pawn shops. Knowing the value of gold and silver is an important step in determining where the sell the items.
The price of silver and gold is determined by the current spot price per troy ounce set by the world’s major markets. Due to the forces of the international market, this spot price fluctuates throughout the day whenever the market is open and freezes once it closes.
The price of gold does not affect the price of silver. Simple values of supply and demand are all that govern the price of silver. Unlike most other precious metals, the demand for silver is not volatile.
Gold is a naturally occurring element on the periodic table and cannot be manufactured or made from other elements except through nuclear reactions. Gold is created when a star explodes to become a supernova or neutron stars collide, and some gold was carried to Earth by meteors.
As of 2014, the pay-per-month Xbox Live Gold allows its members to play their games online, whereas Silver members cannot. Silver is a free service that provides access to game downloads, messaging and the achievement system, but little more than that.
The spot price of gold and silver is derived from the price of gold and silver futures contracts in the nearest month with the most volume of that commodity on the market. Sometimes that is the current month, but it can be one, two or three months in the future.