Silver appeared as jewellery, accessories and money for thousands year, like gold. Argentum which means silver in Latin and its symbol is ‘Ag’ in chemistry.
It is believed to be mined of silver at first in Bronze Age. Actually, it is believed to silver produced for the first time in history, in Anatolia where known as eastern Turkey. Therefore, Europa has been center of production of silver in the later time. With the Columbus’ discovery of America, it had been met to silver mines of South America.
Novadays silver is used in a lot of areas out of financial speculation. It is used in electrical engineering and jewellery like gold and also used as anti-bacterial in medicine.
Silver trade operates on Usd and its price’s symbol is 1 Troy Ounce on the world. At Origin, when you sell or buy silver, you sell or buy silver’s price. 1 lot means $ 1 in 0.1 of price movement. Hence, if you buy 1 lot silver on 17.45 and it increases to 17.70 you would earn $ 25. But if it decrease equally you would loss money. Namely, when you do 0.1 lot transaction, you do 1/10 of it.