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Silver is considered a semi-precious metal used to make ornaments, high value tableware and coins. It can also be used as an investment prospect. Currently, its main demand is for industrial use and its price is driven partly by speculation and partly by demand supply. Compared to gold, the price of silver is more volatile and can cause wide variations in the market. Silver can be traded in the following 4 contract sizes:-
1 Ounce (oz) of Silver is approximately equal to 2.667 tolas.