As a precious metal, silver has been cherished for centuries. In addition to being used for jewelry, ornaments, tableware, and utensils, silver has been used as a coinage metal since the time of the Greeks. Many nations have used silver as the basic unit of monetary value. As an investment, many people choose to physically hold bullion silver in the form of silver bars, silver coins, and silver rounds.
Owning silver appeals to many because it is liquid, easily tradable, easily transportable, and is easy to weigh or measure. Additionally, it is relatively affordable precious metal. The average gold/silver ratio during the 20th century was 1:47, making silver inexpensive in this respect.
Although no investment is guaranteed to hold or gain value, many people see purchasing silver as a way to hedge against currency inflation.