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<p>[QUOTE=&quot;fatima, post: 1386878, member: 22143&quot;]Answers to your questions:</p><p><br /></p><ol> <li>Silver was used for photography.&nbsp; Photography has pretty much disappeared with everyone having digital cameras now.&nbsp; I don&#039;t think industrial use drives silver prices. </li> <li>Silver and oil have no direct relationship.&nbsp; There is a $ &lt;-&gt; Au &lt;-&gt; Oil triad, but silver isn&#039;t involved no more than any other metal except for gold. </li> <li>Both.&nbsp; In reality PM really doesn&#039;t mean anything.&nbsp;&nbsp; </li> <li>I don&#039;t understand Chinese inflation so I can&#039;t answer the question. </li> <li>Gold is defined as &quot;lawful money&quot; in most governments including the USA.&nbsp;&nbsp; Because it holds this designation, the Federal Reserve holds it as an asset on it&#039;s balance sheet to cover the liability of the &quot;base money supply&quot;.&nbsp;&nbsp; At one time silver was officially defined in terms of gold but this no longer exists in the USA or anywhere else that I can think of for now.&nbsp; From a practical standpoint it doesn&#039;t make any difference to the individual since neither substance can be used as currency.&nbsp; However this difference doe mean that pricing is driven by different factors. </li> <li></li> </ol><p>[/QUOTE]</p><p><br /></p>

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