Voltage can exist in an open circuit even though current (I) is zero, as voltage (V) is determined by the potential difference between two points rather than current flow. A charged capacitor illustrates this concept, as it can maintain a voltage without current flowing when fully charged. In an open circuit, resistance is effectively infinite, leading to a situation where V can be any finite value while I remains zero. The distinction between voltage and current is crucial; voltage can be seen as a potential that does not require a path for flow, unlike current, which necessitates a conductive path. Understanding these principles clarifies the relationship between voltage and current in electrical circuits.