Multishell helical gold nanowires were recently imaged by electron microsco
py. We show theoretically that the contact with the gold tips at either end
of the wire plays a crucial role and that local minima in the string tensi
on rather than the total wire free energy determine the nanowire stability.
Density functional electronic structure calculations of the simplest and t
hinnest coaxial gold and silver wires of variable radius and chirality were
carried out. We found a string tension minimum for a single-tube gold nano
wire that is chiral and consists of seven strands, in striking agreement wi
th observation. In contrast, no such minimum was found for silver, where th
e s-d competition Leading to surface reconstruction is lacking.