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How does SLV today compare to other digital currencies in terms of market value?

avatarShubham JadhavNov 26, 2021 · 3 years ago1 answers

In terms of market value, how does SLV compare to other digital currencies today? Can SLV be considered a major player in the digital currency market?

How does SLV today compare to other digital currencies in terms of market value?
Digital Currencies
Market Value
SLV

1 answers

  • avatarNov 26, 2021 · 3 years ago
    In terms of market value, SLV is not directly comparable to other digital currencies like Bitcoin or Ethereum. SLV is an ETF that tracks the price of silver, while digital currencies are decentralized digital assets. However, SLV can still be considered as a valuable asset in the digital currency market. Its market value reflects the demand for silver, which is influenced by factors such as industrial usage, jewelry demand, and investor sentiment. While digital currencies may have higher market values due to their speculative nature, SLV provides investors with exposure to the silver market and can be a part of a diversified investment portfolio.

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