"A silver medal in sports and other similar areas involving competition is a medal made of, or plated with, silver awarded to the second-place finisher, or ...
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runner-up, of contests or competitions such as the Olympic Games, Commonwealth Games, etc. The outright winner receives a gold medal and the third place a bronze medal. More generally, silver is traditionally a metal sometimes used for all types of high-quality medals, including artistic ones." - (en.wikipedia.org 22.07.2021)