7106.91.10.10 - Bullion

This HTS category, 7106.91.10.10, specifically covers silver in its bullion form. Bullion, in this context, refers to refined silver that has been cast into standardized shapes, typically bars or ingots. It is primarily valued for its intrinsic silver content rather than any specific manufactured use. The focus is on its raw, investment-grade form, often traded on commodity markets.

It is important to distinguish this category from its sibling, 7106.91.10.20 (Dore). While both refer to unrefined or partially refined silver, "bullion" implies a higher degree of refinement and standardization. Dore, on the other hand, is typically a semi-pure alloy of precious metals, often containing gold and silver, that has undergone initial smelting but requires further refining to reach commercial purity. Therefore, the key differentiator lies in the level of refinement and the intended commercial purpose.

As this is a leaf node, there are no further subcategories. The classification ends at the bullion stage, signifying that any further processing or manufacturing of this silver would fall under different HTS codes. This ensures that pure, unworked silver destined for investment or as a raw material for industrial processes is correctly identified and accounted for under its most fundamental form.