Should you decide to add silver to your investment portfolio, there are a number of options for you to consider. Here is a summary of silver investment choices:
- Bullion: Silver in the form of bars that are at least 99.9 % pure.
- Official Coins: Silver coins issued by a government mint.
- Medallions (Rounds): A round piece of silver resembling a coin but not considered legal tender. Medallions may be issued by governments or private mints.
- Certificates or Storage Accounts: Silver is kept in storage but the investor can take possession within a few days if desired.
- Accumulation Plans: This approach enables investors to accumulate silver on an average basis, similar to dollar cost averaging.
- Futures and/or Forward Contracts: An agreement made on an exchange to take or make delivery of silver at a set date in the future.
- Options: The right, but not the obligation, to buy or sell a silver or financial security linked to silver on a specified date in the future.
- Exchange Traded Fund: A basket of equities linked to silver, i.e. the physical metal, producers, refiners, etc. ETFs are traded on exchanges throughout the trading day.
- Mutual Funds: An open-ended fund that holds a basket of silver-related equities that are priced once daily.
Current Silver Price
Please follow the links below for the current price of silver:
Silver As a Precious Metal
Silver has been considered a precious element for 6000 years. It was first used as a currency in 700 B.C. and has had a role as a trading metal in nearly every ancient and modern culture. From the drachma of the ancient Greeks, which contained an eighth of an ounce of silver to the Roman denarius and the British pound sterling, which designated a specific weight amount of the element, silver has long held a special place as a store of value.
Today, its intrinsic value persists. It has earned a place in the portfolios of many different types of investors for that reason. For example, Individual Retirement Account (IRA) participants may choose to include silver bullion coins and bars in their portfolio, provided they are of a fineness of at least 99.9% silver and stored by a third-party custodian.
Silver’s value has been proven as a precious metal and time-tested commodity.
Silver Investing Disclaimer
When investing in silver – or making any investment, for that matter – you should always consult with well known, reputable brokers, bankers, financial advisors or dealers. Prior to making any investment, you should make sure the seller can deliver exactly what it is selling, and is providing you with the conditions under which it stands ready to buy back your silver.
The Silver Institute does not provide advice as to the buying and selling of silver or the advisability of trading in commodities, nor the tax consequences of any investment or trade in silver. The Silver Institute recommends that any prospective investors first check with their finance or tax advisor to determine which investment, if any, is the right option for their portfolio.
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