According to the Korea Gold Exchange on July 4, the buying price of silver (Silver, 3.75g) was recorded at 12,700 won, while the selling price stood at 17,300 won.

Compared to the previous day, the buying price dropped by 100 won (0.79%) and the selling price also fell by 80 won (0.75%). While domestic silver prices are showing minor adjustments, silver prices in the international market are also exhibiting volatility.

International silver prices, based on the SI (Silver) on the New York Mercantile Exchange, recently fell below the $70-per-ounce mark. At the end of June, the price even breached the $60 level intraday before recovering to the $62 range at present. As short-term fluctuations continue, attention is focused on future trends.

Silver has been used as a major medium of exchange and monetary material for thousands of years. In the past, several countries used it as a standard for currency value through bimetallism or silver standard systems. Although such systems have disappeared in modern financial frameworks, silver still holds an important position in the global commodity and precious metals markets.

Recently, the expansion of eco-friendly industries has emerged as a new variable in the silver market. Silver, with its excellent electrical conductivity, is used as an essential material in solar power generation facilities, and investment in power infrastructure driven by the expansion of electric vehicles and artificial intelligence (AI) is also cited as a factor increasing silver demand.

[※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]