The market value of .925 silver, commonly referred to as sterling silver, is determined by several factors. This alloy, composed of 92.5% pure silver and 7.5% of another metal (usually copper), offers a balance of durability and affordability, making it a popular choice for jewelry, silverware, and various decorative items. Its monetary assessment fluctuates based on the prevailing spot price of silver in the commodities market.
The desirability of sterling silver stems from its tarnish resistance compared to purer forms of the metal, along with its malleability for intricate designs. Historically, sterling silver has been utilized as a store of value and a medium of exchange. Moreover, it holds significant value within the arts and crafts community, lending itself to both mass production and handcrafted artistry.