Silver is one of a number of metals which have been accepted as a form of currency between traders for centuries and defined as one of the precious metals by international convention. A silver ring is generally regarded as allergen-free and may therefore safely be given to young children with little risk of an adverse reaction. Silver is frequently used in the production of rings and other fine works of art.

The symbol used for silver [Ag] comes from classical Latin "argentum" and translated directly means "shining". Silver is a soft, malleable metal, which means that it is often blended with other metals to ensure it maintains its shape.

While gold has become accepted as a Standard and tends to hold a steady price, the value of silver has fluctuated considerably. Over the last 20 years it has been as high as $50/Troy ounce (1980) and 'bottomed out' at just over $4/Troy ounce (1996). Currently (May 2010) the market price is about $18/Troy ounce.

Because silver is such a malleable metal it has always been popular as a material suitable for making jewellery, a delicate silver ring can be forged from extruded silver wire, sometimes with a diameter which approaches that of human hair but retaining the durability of any metal. Because of its purity, silver is also popular with musicians: an instrument made of silver - such as a bell, or a trumpet - can be depended upon to "ring true".

Silver is also very easy to keep clean and sterile. This makes it a safe and logical choice as an ideal material for body piercings eg. 'droplet' style rings for pierced ears.

Many communities have retained traditions involving silver jewelry, including the Irish claddagh ring. Families still follow the custom of having a Family Ring which is inherited by the first-born male child of every generation.

The only problem which can occur with this tradition is the fact that, due to the metal's relative softness the ring is likely to need frequent repairs, as the fingers of the young boy receiving the ring are likely to be considerably slimmer than those of the adult from whom he is receiving it.

On the other hand, there is a distinct advantage to be gained from the metal's sterile qualities which has resulted in its use in surgical applications. Dentistry is the best example of this, particularly when considering the cost of materials. A filling based on an amalgam of silver will cost about one-eightieth of the same filling based on gold.