Cheapest Silver Bullion Prices

What is Silver Bullion?

Silver bullion is silver that has been cast or poured into bars, coins, rounds or ingots. Silver bullion can be used for industrial or medical applications or you can buy silver bullion as an investment. Many investors prefer to buy silver bullion in rounds, which are the same shape as a coin but do not carry any face value as legal tender currency.

Exchanging silver with cash is fundamentally similar to investing in land or real estate in that you are exchanging cash for a real physical asset. With sovereign silver, you are trading one financial instrument for another for of physical legal currency. An added benefit of investing in silver is that it is portable and can easily be exchanged for fiat currency.

Investment Grade Silver Bullion

Many of the silver bullion products from today's sovereign and private mints are intended for investment. Refined precious metals, like gold and silver have been used as real money for centuries.

Investment grade silver is available in a variety of formats, some that are minted purely for investment purposes, some with more practical applications than others, some more aesthetic than others.

Investment grade silver can be indicated into two distinct categories:

• One which is manufactured on behalf of a sovereign government and designated as legal tender.
• The other being manufactured by private mints

In both cases, investment-grade silver is sold through network of wholesale distributors, who then distribute to local coin shops and online bullion dealers.

Silver coins are often the leading coins choice for investors. Most are legal tender currency and have the backing and full faith and credit of their respective governments. Government silver coins are available in many different popular weight denominations that include: 1 troy ounce, 2 troy ounce, 5 troy ounce, and 10 troy ounce weight denominations. There are options for every budget.

Cheapest Silver Coins & Rounds

Historically, silver coins have served as a form of currency and a medium of exchange in many economies. Prior to 1965, all of the dimes, quarters and half-dollar coins in circulation were minted from 90% pure silver. Silver coins are a store of value as they retain their intrinsic value over time and can act as a hedge against inflation to preserve purchasing power.

Buying tubes of 20 silver coins can often qualify for quantity discounts which results in a lower premium per ounce. Buying silver coins in bulk typically provides the deepest discounts.

Silver Rounds have a similar look, feel and the same intrinsic value as coins. The primary difference is that rounds are manufactured by private mints. Private mint silver rounds most often have lower premiums that government coins and are often the best choice for investors looking to maximize the value of their silver investment.

Many of the silver rounds available from trusted and reputable online bullion dealers are manufactured at leading private mints that also provide precious metals to industries. Some, such as Silvertowne, Scottsdale Mint, Sunshine Mint and Highland Mint are recognized among the most reputable companies in the world.

Where to buy Silver Bars?

Silver has an active and liquid trading market worldwide and silver bars are considered liquid assets due to their ease of buying, selling, and converting into cash. They hold intrinsic worth that is widely accepted in the precious metals and financial markets as a store of value and medium of exchange. In many cases, the buy/sell spread on silver bars is lower compared to some other precious metals.

Silver Bars are one of the cheapest ways to invest in precious metals. They can easily be purchased from online bullion dealers, precious metals exchanges and other online platforms, which provide easy access to buy or sell silver bars at prevailing market prices. They are also available locally from some pawn shops, antique stores and coin stores, however, often the best prices are found among the leading online precious metals dealers.

Silver bars are available in a wide array of sizes, shapes and weight denominations for investors of all budgets. Private mint bars are perhaps the most popular silver investment. There are many well-known and trusted private mints that are top of mind to many investors that have been producing investment-grade silver bars for decades, such as PAMP Suisse, Silvertowne and Scottsdale Mint. The most popular weights with investors include 100 oz, Kilo, and 10 oz silver bars. Other industry standard sized bars include smaller 1 oz, 5 oz increments. Several sovereign mints issue silver bars with some of the most popular include the Royal Canadian Mint and the Perth Mint.

When importing from countries that are standardized on the metric system it is common to find silver bars measured in gram weights. A growing number of private refiners also issue metric weights in addition to troy ounces. Popular metric size silver bars include 500 gram, 250 gram, 100 gram and 50 gram. Many of these are produced by private mints.