How much is the Price of Silver Today?

As of this moment, the price of Silver currently stands at $30.68 per troy ounce. But why choose silver as an investment when you could have gold? Why choose this shiny lustrous precious metal? Why?
Even in the past until now, through the rise and fall of civilizations, silver has been regarded as a form of money and store of value. Even in today’s digital world, the price of silver is very relevant, albeit silver is used not just as a store of value for the falling fiat currencies but as well as in jewelry, bullion coins and exchange traded products.
Like other precious metals in the world, the price of silver is primarily driven by speculation and the theory of supply and demand. Speculation typically involves a financial action of which that does not promise safety of the initial investment along with the return on the principal investment. Likewise, the price of silver is cheaper and appreciates more than gold. American investors are seeing this as a chance to buy more silver since the price is lower than gold.
Unlike gold, silver is predominantly and still used by industry today. Rather than offering it as deflation protection (as gold most recently did after the collapse of Lehman Bros.), silver is strictly speaking, inflation-friendly, with a number of fast-growing uses in both developed and emerging economies all around the world making it look very growth-friendly, too!
When it comes to market prices moving up and down and sideways together, we are not looking at the commodity aspects of the precious metals itself, but the market perception that these two are precious metals that were money for the bulk of man’s history. Savings were expressed almost entirely in these metals and once deemed as the only valid money around.
The price of silver nowadays gained a boost from retail investment, thus having a higher investment in both bullion bars and coins. Physical bullion bars accounted for 55.6 Moz of the world investment in 2010. Coins and medals fabrication rose by 28 percent to post a new record of 101.3 Moz. In the United States, over 34.6 million U.S. Silver Eagle coins were minted, smashing the previous record set in 2009 at almost 29 million. Other key silver bullion coins in the world are reaching milestones. They include the Australian Kookaburra, the Austrian Philharmoniker, and the Canadian Maple Leaf–all three posting record highs in 2010.