Water has an upward meniscus, mercury has a downward meniscus.
Water meniscus is concave, mercury meniscus is convex
A meniscus can go up or down. It all depends on if the molecules of the liquid are more attracted to the outside material or to themselves. A concave meniscus, which is what you normally will see, occurs when the molecules of the liquid are attracted to those of the container. This occurs with water and a glass tube. A convex meniscus occurs when the molecules have a stronger attraction to each other than to the container, as with mercury and glass. A flat meniscus occurs when water in some types of plastic tubes; tubes made out of material that water does not stick to. In any case, you get the true volume of the liquid by reading the center of the liquid in the tube, as shown by the middle of the dashed line in the diagram.
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