Jewelry & Watch Repair

News & Advice

Is Silver Cheaper Than Platinum?

Is Silver Cheaper Than Platinum?

Yes, silver is generally cheaper than platinum. Silver is a more common and abundant metal than platinum and is, therefore, less expensive to mine and refine. Additionally, silver is often used in lower-cost jewelry and decorative items, which can also contribute to its lower price point.

Platinum, on the other hand, is a rare and precious metal that is highly valued for its lustrous white color, durability, and hypoallergenic properties. It is significantly rarer than silver and requires more effort to mine and refine, making it a more expensive option.

Overall, the price of silver and platinum can vary depending on various factors, including market conditions, purity, and the item being sold. However, silver is generally considered a more affordable option than platinum, making it a popular choice for those on a budget.