What Makes Silver a Precious Metal?

By GovMint :

Silver is considered to be a precious metal due its relative scarcity, aesthetic appeal, use in economics, and characteristics that make it useful in applications ranging from numismatics to jewelry to electronics. Known for its high conductivity, silver is an essential component in electronics, where it ensures efficiency and reliability. Its resistance to corrosion further enhances its desirability across various applications. Historically, silver has played a pivotal role as a form of currency, symbolizing wealth and stability through the ages.

Sources Used:

https://www.mint.ca/en/blog/2023-l7-silver-history