Silver vs gold: Which metal can give me a bigger profit when selling them?

Silver vs gold: Which metal can give me a bigger profit when selling them?

Dubai: Just like gold, silver has a great resale value. Though it is less precious than gold, it is significantly more expensive than other precious metals. In case you are in dire need of money, you can sell your silver deposits and arrange for cash. More so, because the cost of silver is much more stable than gold. “Apart from a better resale value, a perk to selling your silver for cash is that the metal’s price stability offers you instant payment, as opposed to selling your gold and possibly missing out on profits due to a number of volatility-related factors,” said Georgina Effel, a Dubai-based precious metals analyst. “Also, the stability of prices also allows licensed silver buyers to offer you what is the realistic value of your belongings. Moreover, as the buyers are certified, the chances of them duping you are rare, while on the other hand, an uncertified buyer can be a potential threat.” As of January 12, the silver resale value in the UAE was at $23.59 (Dh86.59) per ounce, or $0.93 (Dh3.42) per gram. Over the last 10 days, the price of the metal has stayed more or less the same. But how much of