Silver rates are influenced by some of the factors namely supply and demand, US dollar, industrial demand and other international factors. When there is an increase or decrease in the demand for silver, the silver rates also fluctuate. This is because the supply of silver is limited but the demand for the same is constant. In the same way, the silver rates fluctuate when there is a change in the value of US dollars. Silver being used as ornaments, coins, etc but many do not know that silver is also used in industries for producing batteries, superconductors, microcircuits,etc. This also plays a major role in influencing silver rates.