At this moment, the current silver price is $32.99 per ounce, and on the rise.

Trending graphs show this precious metal continuing to climb in price. And, of course, it costs less than gold. But is it a good investment?

Some analysts suggest it’s an even more volatile investment than is gold. Some of the reasons for its increased volatility include its many uses, and whether or not there’s a high demand for it.

Interestingly, silver has medical uses–in part, because it has special antibacterial properties. That is, this precious metal has some germ-fighting ability.

Historically, another very popular use for this metal has been in the photography industry. With the commonplace use of digital cameras, film development has decreased significantly. Because of that, the need for silver to use in the process of film development has decreased, too.

As with any commodity, supply and demand impact the price and value. The silver price of yesterday changes in response to what we use it for, and how much of it we need.

Although some analysts encourage investors to take advantage of current market prices, it’s important to keep in mind that lots of factors impact those prices. And it’s also important to remember that the price doesn’t always equal the value.

To make the best investment decisions, we have to consider what’s going on economically, politically, and socially–not only in our own region, but around the entire world. Some analysts insist precious metals are not a wise investment for those seeking a short-term return. Instead, these investments may be better suited for long-term hedges against inflation.

Before making any choices, it makes a lot of sense to do your homework. There are lots of resources available for anyone considering investing in precious metals. Before you spend your money, take advantage of those resources. Today’s silver price is an important consideration, but make sure you get the whole picture, before you buy.