The Silver bullion products listed here have the lowest silver price per ounce premium over silver spot price per ounce. These are the best silver prices offered by major online bullion dealers with the lowest silver premium.
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Bullion is precious metals, like silver, that has been refined in purity and manufactured into bars, coins, rounds or ingots. Silver bullion is used in a variety of industries, including medical applications, jewelry, consumer electronics, electric vehicles, solar panels and many more in addition to being a store of value and an investment.
Historically, silver has been considered as a form of money throughout the world for thousands of years. Silver coins were standard currency in many civilizations, from ancient Greeks and Romans to more recent times. Here in the United States, many of our coins in everyday circulation were minted from a 90% silver alloy until 1964. Before the creation of fractional reserve banking, much of the world economy was on the trusted gold-standard. 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.
Silver is a physical asset with intrinsic value that when exchanged with fiat cash is fundamentally similar to buying 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 form of physical legal currency. An added benefit of investing in silver is that it is portable and can easily be exchanged for fiat currency.
Silver retains its value over time. Even if it's no longer commonly used as currency in daily transactions, it's still considered a store of wealth. People buy silver bullion as a hedge against inflation or economic downturns, believing that it will hold its value or even appreciate over time. Unlike paper money, silver has intrinsic value due to its physical properties and uses in industry, jewelry, and other sectors.
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:
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.
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.
Silver bars are one of the most actively traded physical investments worldwide and are considered highly liquid assets due to their ease of buying, selling, and converting into cash. Silver bars 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 forms of precious metals.
Silver Bars are categorically, 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 who specialize in helping investors get the best deal on silver.
There is a wide array of sizes, shapes and weight denominations available to meet the needs of investors of all budgets. Private mint silver bars are one of the most popular precious metals investments, with many well-known and trusted mints that are top of mind. Many of these companies, such as PAMP Suisse, Valcambi, Silvertowne and Scottsdale Mint, have been producing investment-grade silver bars for decades. 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.
Although the troy ounce measurement system is standard with precious metals, when importing from countries that are standardized on the metric system, some silver bars are 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.
FindBullionPrices.com helps to take the legwork out of shopping for the cheapest place to buy silver online. All precious metals, including silver are traded in global commodities markets. Many factors contribute to the price of silver. The premiums can be influenced by availability, production, changes to central bank policies, political tensions and geopolitical events. Our proprietary tools pull prices from dozens of trusted and reputable online silver dealers each and every hour, helping investors buy the cheapest silver bullion.
