Silver Spot Price Deals

 

What is Silver Spot Price?

Silver Spot Price is the price that silver bullion futures contracts trade at on the COMEX commodities exchange global markets. Spot price is also the price that retail silver dealers use as the cost basis for selling and buying products. Dealers determine the price of silver bars and rounds by adding a premium over the silver spot price.

When selling silver, a dealer will usually base their products on the spot silver ask price. When a dealer buys silver they will usually base their price on the spot silver bid price. In addition to the added premium, the spread between the silver spot price bid and ask is how the dealer makes their profit.

The precious metals and bullion dealers on this page offer new customers an opportunity to buy a fixed amount of silver at spot price. Some bullion dealers call these "starter packs". The silver bullion starter packs are limited offers to one purchase per household.

The deals below give you to chance to buy over 50 oz of silver at spot from these precious metals dealers.

Buying at spot price is the easiest way to buy the cheapest silver bullion. Add more silver bullion to your stack or investment portfolio without the added premium.

Buying silver at spot price will save you money, reduce your dollar cost average (DCA), and improve your precious metals investment holdings.

Where can you buy silver at spot price?

The dealers listed on this page, such as Silver Gold Bull, JM Bullion and SD Bullion have a special offer that allows new customers to purchase up to 10 oz at silver spot price.

By taking advantage of all of these offers you can buy over 50 troy ounces of at silver spot price.

In addition to these offers, buying generic silver bullion provides the best value for dollar cost averaging. Buying generic silver bullion in the form of 1 oz bars and rounds, 5 oz bars or 10 oz bars provides a balance of lower premium over silver spot price while also being fairly easy to sell if you need the money in a pinch.

Buying larger size bars, such as kilo's and 100 oz bars will be the lowest premium over silver spot price.

Why do some dealers sell silver at spot price?

Except when noted, spot price deals are limited to one offer per household. Silver bullion is a commodity product driven by market pricing. Dealers differentiate themselves by their customer service and pricing. Offering a spot price deal exposes the customer to the dealer's customer service and pricing for additional products. Most of the deals on this page are incentive offers for dealers to attract new customers to expose them to their customer service and pricing with the goal of converting them into returning and repeat customers.

From time to time some dealers will drop the prices on a particular item to spot price. This sometimes happens with 1 oz generic silver rounds and 10 oz bars. Dealers may do this because they have an excess inventory of an item. They may have purchased these items well below the current spot price. This allows them to eliminate the premium they would normally charge and pass that savings on to investors looking for a deal.