The term PRECIOUS WHITE METAL is referring to the element SILVER, which has 6 letters. SILVER is a chemical element with the symbol Ag and atomic number 47. It is a soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. SILVER is found in the Earth's crust in its pure, free elemental form, as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Historically, SILVER has been used for coins, jewelry, and other items of value.