Cheapest 100 oz Silver Bars

Cheapest 100 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.

100 oz Silver Bars

Each 100 ounce silver bar is a way to store large amounts of wealth in a relatively small way. When you buy 100 oz silver bars they often have the lowest premium per ounce. The amount of space each occupies is only slightly larger and thicker than a typical smart phone.

With the stock market and economy showing signs of recession, many investors are cashing out of risky investments and buying 100 oz silver bars to hold onto profits gained through recent years. Many believe that silver has tremendous upside potential when compared to other precious metals.

Many investors and stackers choose to store 100 oz silver bars at home. Having a few bars stored alongside boxes of ammo in the safe is a way to have added financial security for unexpected things that could happen in the future.

The weight begins to add up beyond a few bars and some investors find upgrading to a medium to large safe that can be bolted to the floor or wall for added security.

How much is a 100 oz bar of silver worth today?

Based on today's silver spot price, each 100 oz silver bar has a melt value of $2726.00.