---
entity_slug: silver_price_variation
evaluator: null
evaluated_at: '2026-02-23T06:21:30.147355'
overall_score: 4.6
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly specifies what is being measured (silver value
    relative to other commodities, particularly corn) and identifies the key causal
    factors (supply from mines, demand from commerce). It avoids circularity and captures
    a distinct economic phenomenon rather than a vague concept.
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This entity is directly grounded in Smith's detailed empirical analysis
    in Book I, Chapter 11, where he extensively examines historical silver price data
    relative to corn over four centuries. The entity accurately reflects Smith's actual
    investigation rather than imposing external concepts.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: The "Exchange" domain is perfectly appropriate since this entity concerns
    the relative exchange values between silver and other commodities over time. This
    is fundamentally about exchange relationships and price mechanisms in markets.
- name: vsm_relevance
  value: 4.0
  max_value: 5.0
  rationale: This entity maps well to S4 (intelligence/environmental adaptation) as
    it represents the economic system's response to environmental changes in silver
    supply and commercial demand. It also connects to S1 as it affects primary market
    operations through changing relative values.
- name: explanatory_value
  value: 5.0
  max_value: 5.0
  rationale: This entity provides substantial explanatory power by illuminating the
    mechanism through which precious metal values adjust to supply and demand changes,
    serving as evidence for Smith's broader theories about wealth, commerce, and monetary
    systems. It reveals structural relationships between mining output, commercial
    development, and price formation.
---

# Evaluation: Silver Price Variation

## definition_precision — 4.0 / 5.0

The definition clearly specifies what is being measured (silver value relative to other commodities, particularly corn) and identifies the key causal factors (supply from mines, demand from commerce). It avoids circularity and captures a distinct economic phenomenon rather than a vague concept.

## source_grounding — 5.0 / 5.0

This entity is directly grounded in Smith's detailed empirical analysis in Book I, Chapter 11, where he extensively examines historical silver price data relative to corn over four centuries. The entity accurately reflects Smith's actual investigation rather than imposing external concepts.

## domain_placement — 5.0 / 5.0

The "Exchange" domain is perfectly appropriate since this entity concerns the relative exchange values between silver and other commodities over time. This is fundamentally about exchange relationships and price mechanisms in markets.

## vsm_relevance — 4.0 / 5.0

This entity maps well to S4 (intelligence/environmental adaptation) as it represents the economic system's response to environmental changes in silver supply and commercial demand. It also connects to S1 as it affects primary market operations through changing relative values.

## explanatory_value — 5.0 / 5.0

This entity provides substantial explanatory power by illuminating the mechanism through which precious metal values adjust to supply and demand changes, serving as evidence for Smith's broader theories about wealth, commerce, and monetary systems. It reveals structural relationships between mining output, commercial development, and price formation.
