Usage Of Metallic Silver In The Medical Industry And How It Effects Spot Prices
We have been using silver for thousands of years. Silver was used to prepare jewelry, artistic decorative items, utensils and in medicine in olden days. Silver is used in electronic industry mainly in modern days. Since silver has good conductivity, more and more electrical items are starting to use silver, increasing the demand for silver and skyrocketing silver prices today. Medical industry also has started to use large amount of silver just like electronic industry. All this influences the constant increase in silver price per gram.
Medical field uses silver in many forms. A major division in medicine which relies heavily on silver is the Dentistry. Dental fillings used as a replacement for fallen or drilled tooth is made by mixing silver powder and mercury. Gold fillings are also common, but silver is stronger and more affordable. Various bacteria’s and viruses are killed by the toxic nature of the silver ions. Silver is famous for its germicidal effects and is used widely in bandages and antimicrobial gels.
All this increases the general demand for silver in the market affecting the silver prices today. Silver sulfadiazine cream or the SSD cream as it is popularly known was the major antibiotic cream used to prevent infection among soldiers during the world war time. Traditional medicinal forms like homeopathy used various silver compounds to cure many diseases. Surgical and emergency ward equipments are coated with a film of silver to prevent bacterial infection in them.
The silver coating in the Endo-tracheal breathing tube is an example for this practice. The silver price per gram is increased indirectly due to high demand caused by usage of silver in more and more core fields. Many modern drugs we take to cure general ailments contain mild silver alloys in them. Catheterization is a process used to help patients having bladder problems. Patients urinary organs will be attached to a device called catheter and their urine will gathered in a separate packet.
Studies have proved silver alloy catheters keep the patient safe from many infections which might occur when catheters made of other materials are used. So many such medical equipments have started to consume more and more silver resulting in steady increase of silver price per gram. Silver prices today are very much higher than older times. Just like many other industries, medical field too have influenced this rise indirectly.
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