The term references material composed primarily of the chemical element silver (Ag). However, commercially available items are rarely, if ever, made of pure silver. Instead, the term often denotes alloys, typically sterling silver, which contains 92.5% silver and 7.5% of other metals, usually copper. This alloying process enhances durability and malleability compared to the pure form of the element, which is too soft for most practical applications. Thus, an object described using this phrase is understood to be a silver alloy suitable for jewelry, tableware, or other decorative purposes.
Its value stems from its aesthetic qualities a bright, lustrous appearance and its relatively high scarcity and resistance to corrosion. Historically, it has served as a store of value, a medium of exchange in the form of coinage, and a component in manufacturing. Its antiseptic properties further contribute to its appeal in certain applications, such as silverware. The blend of precious metal content and practical utility makes it a desirable commodity.