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We have been using silver for thousands of years. Silver was used to prepare jewelry, artistic decorative items, utensils and in medicine in olden days. Silver is used in electronic industry mainly in modern days. Since silver has good conductivity, more and more electrical items are starting to use silver, increasing the demand for silver and skyrocketing silver prices today. Medical industry also has started to use large amount of silver just like electronic industry. All this influences the constant increase in silver price per gram.
Silver is used in many ways in medical industry. One popular use known by everyone is in dentistry. The amalgams used to make dental fillings are made by mixing mercury and silver powder only. Gold is also used in this process. But silver dental fillings are stronger, last long and are affordable by many people. Silver ions are known for their toxic properties. They make silver highly germicidal. Silver is used in antimicrobial gels and bandages as they destroy bacteria and viruses quickly.
Such increased usage of silver in medical field is one cause for high silver prices today. Creams like silver sulfadiazine cream or SSD cream contain silver as main element. This cream was used during world war to prevent infection among warriors. Usage of various silver compounds was very common in ancient medical forms like homeopathy. Even in modern medicine, a thin film of silver is coated on advanced surgical instruments and emergency ward items to prevent bacterial growth.
A suitable example for this practice is the silver film coating done in the Endo-tracheal breathing tube. Most of the drugs we take have mild silver alloy content in them. All this usage of silver leads to high demand resulting in sharp increase in the silver price per gram. Catheterization is a common procedure which collects the urine of the patients separately in a bag for testing purposes. A device called catheter is attached to the inner organs of the patient to collect the urine.
Various researches have proved clearly, catheters made up of silver alloys are very efficient in avoiding infections caused due to the usage of catheters made of different metals. Many more small instruments similar to catheters have started using silver and its alloys instead of other materials. This increased usage of silver by medical industry creates more demand for silver leading to high silver price per gram. Silver prices today are higher than any other time in the whole decade. All industries including the medicine field had contributed their share in the silver price rise.
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References
http://buy-gold.net/studying-the-history-and-price-of-platinum-per-ounce-today.html
http://www.precious-metal.net/coins/tonga-palladium-hau/
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