Gold and silver are two of the most traded precious metals in the world, and in the financial markets they are valued on a per troy ounce basis. One troy ounce (abbreviated oz) is equal to around 31.1 grams (g) on the metric scale.
However, it is obvious that both gold and silver are not the same, which every science student could tell you that they are different elements in the first place, with similarities and differences in physical and chemical properties with and from each other. In this post I shall share with you the three distinct things between them: size, amount and price.
Picture generated by Meta AI
Size
If you had ever seen an ounce of gold and an ounce of silver together, you may have noticed that silver looked larger than its gold counterpart. This is because of a characteristic called density.
Density is defined as the amount of mass within a given volume, and its unit...