Cheapest 1 oz Silver Bars

Cheapest 1 oz Silver Bars

The premiums that are included in the cost of silver bars are typically much lower than those of coins because most are manufactured by private mints with lower overhead costs. Government minted silver bars are available and command a higher premium in the marketplace for a variety of reasons.

Silver bars, sometimes called ingots, share many of the same characteristics as silver rounds. Private mints produce many bellwether designs such as the Buffalo and Morgan Silver bars. Generic silver bars are one of the top precious metals investments because they have the lowest premiums. Some private mint silver bars have been produced with the same design for decades, others are drawing in investors with fresh new designs.

Minted and poured silver silver bars are made in an array of sizes or weights that are suitable as a store of value and wealth. The diversity of weight denominations and private mints can be overwhelming for new investors. Most investors choose a size that is comfortable for their budget and then make purchases at regular intervals.

Buying one ounce silver bars is an excellent way introduction to utilize silver and precious metals investing as a store of wealth and value. There are many private mints that manufacture 1 oz silver bars in a variety of shapes. Some are cast by pouring molten silver into graphite molds. Some mints produce silver bars through a mechanical processes, such as using a hydraulic die press or manual extrusion process.