Does Silver have to do with tech and the world of startups? At first, it looks difficult to find to a connection.
But digging a bit, we can find various affinities and common points. Think about the industry applications it can have across The Internet of Things (IoT) Electronics, Mobile, Connected Cars, E-Commerce, and Fintech areas. In all of these innovative sectors as well as in traditional ones, silver has always had an universal appeal given its main features which include comparable low cost, a high degree of electrical conductivity, the reflection of almost all light, and being a natural biocide, killing bacteria and viruses.
Given the above, it is easy to understand its universal use. To help further, have a look at same applications. For example, in dentistry, Silver Diamine Fluoride is an FDA-approved antibiotic liquid clinically applied to control active dental caries and prevent further progression of disease. In other medicine field, uses include wound dressings, creams, and as an antibiotic coating on medical devices. In addition, in jewelry, silver has always enhanced precious stones such as diamonds when placed in a ring or a necklace and even comes in the form of uniques accessories in several styles. In a specific manufacturing sector, silver wears one of the best performing and most widely used solar control window films.
Among other historical and current applications such as coins, bullions, silverware, air conditioning condensing units, etc., we must consider that silver is found in every electronic device. E.g., if a device has an on/off button, it’s likely that the metal is in. According to statistics, in 2016, nearly 233.6m ounces of silver were consumed in electronics and electrical use, from printed circuit boards used in mobile phones to computers, to switches for controlling room lights, from TV screens to phones, CDs, DVDs and microwave ovens, from toys to computer keyboards, making this category one of the more significant demand areas for the metal.
In addition to it, as motor vehicles are becoming more “connected”, the metal is playing a fundamental role in their construction through silver coated contacts and membrane switch. And new developments will come soon.
Meaningfully, silver-based inks produce Radio frequency identification system (RFID), the automatic technology and aids machines or computers used in the Internet of Things (IoT) to identify objects, record metadata or control individual target through radio waves. Connecting RFID reader to the terminal of Internet, the readers can identify, track and monitor the objects attached with tags globally, automatically, and in real time, if needed.
Given all of the above mentioned unique properties as well as the low price of silver per ounce, the precious metal has always been used as an investment vehicle by people worldwide, being it accessible for both beginners with a limited budget and experienced investors who recognize its value as both an investment and monetary metal. This means that trading it online is becoming easier with investment barrier entries just a click away.