NEW YORK ( TheStreet) -- Although gold continues to grab most of the attention in the precious metals world, silver, its less glamorous sister, may be more appealing and for good reason.First off, silver has many more uses than gold does. It is used for numerous industrial purposes and nearly 55% of total silver fabrication is used for industrial purposes. Silver is commonly used in the electronics space and can be found in plasma display panels and printed circuit boards, as well as in the lining of refrigerators, for food storage containers and for water purification. Additionally, the metal can be used as an antimicrobial to fight bacteria and as an antiseptic to treat fungal infections. Silver's industrial uses even span to the solar energy industry. As economies around the world continue to expand, the industrial demand for silver will likely follow.
- iShares Silver Trust(SLV), which physically holds silver bullion and closed at $17.24 on Thursday.
- PowerShares DB Silver Fund(DBS), which holds futures contracts in silver and closed at $31.14 on Thursday.
- ProShares Ultra Silver(AGQ), which seeks to gain twice the performance of silver bullion and closed at $55.55 on Thursday.
- Global X Silver Miners ETF(SIL), which gives exposure to companies which are involved in mining, production and exploration of silver. SIL closed at $14.36 on Thursday.