Silver is sold by the troy ounce because it is a widely accepted unit of measurement for precious metals. The use of troy ounces to measure silver dates back centuries and is deeply ingrained in the precious metals market.
The troy ounce is a convenient and practical unit for measuring silver for several reasons:
Historical Tradition: The use of ounces to measure precious metals, including silver, has a long history dating back to ancient civilizations. It has been used in trade and commerce for centuries and continues to be the standard unit for precious metal transactions.
Investors have started to buy silver bullion to hedge against inflation and protect their wealth during economic downturns. Buying silver bullion is one of the most effective ways to diversify your investment portfolio. For many savvy investors, silver bullion continues to be the precious metal of choice. Silver bullion comes in a variety of shapes, … Read moreBuy Silver Bullion
With the silver spot price at a steady low price it is one of the best times to buy silver eagle coins. Dealer premiums on 2018 Silver Eagle coins have also been at all time lows. Premiums when you buy silver rounds can be found from many online bullion dealers for pennies over spot price. … Read moreA good time to buy 2018 Silver Eagles
Should I buy Silver Eagles or Generic Rounds? A lot of beginning investors ask whether they should start buying generic rounds or American Silver Eagle coins. Most people will answer by telling the person to buy generic rounds because they are cheaper and can be bought closer to spot price. While this may at first … Read moreSilver Eagles vs Generic Rounds
These coins are minted to cater to the demand from investors who invest in physical silver as a hedge against inflation, economic instability, or as part of a diversified investment portfolio. Investors buy 1 oz silver coins because they provide an accessible entry point into physical precious metals due to their relatively low cost compared to gold coins.