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Truesilver is an alloy of Silver with 75% Mithril.

The primary reason for the alloy is to allow the Magical properties of Mithril to be available in an easy to work metal. This also makes it more accessible as silver is much more common and the small amounts of Mithril required for the alloy make it a popular use for the metal.

Truesilver is significantly better than silver for use in Magical devices and for items and equipment used by mages as it does not hamper the flow of Mana in the same way as silver and it's lower melting point makes it a lot easier to work and so can be made into a variety of forms by a skilled smith without the use of Magic required by Mithril.