Learn About Silver Bullion and What Impacts Its Price
For millennia, consumers have sought out Silver for its applications in goods and technical commodities. But did you know that the lustrous Precious Metal can provide investors a stake in the marketplace that transcends fads?
Navigating the Silver bullion marketplace can be confusing for new investors. To demystify the process, check out a breakdown of the basics below.
Silver Bullion 101
Bullion is the bulk form of a Precious Metal. Investors frequently seek out metal in this form because it boasts a high degree of elemental purity. It is frequently purchased as a hedge against market inflation.
What Affects Silver Bullion’s Price?
Silver Bullion Purity
The purity of a bullion piece is called “fineness.” The most common investment-grade Silver fineness ranges from .999 (or 99.9%) to .9999 (or 99.99%). However, some coins, such as “Junk Silver,” are still desirable for investment purposes despite containing as little as 90% Silver.
Silver Bullion Value
The value of Silver bullion is directly tied to the amount of Precious Metal that it contains. Items with higher Silver content typically boast higher price tags due to their intrinsic value.
Silver Bullion Spot Price & Premium
Silver bullion prices vary from minute to minute because of the frequent change in the spot price, or the marketplace value of a particular metal at a given time. Silver bullion investors buy pieces at the spot price, plus a premium. See the Silver bullion price today
Now that you have the basics down, read on to learn why Silver bullion is a popular investment choice.
Why Buy Silver Bullion?
Investors frequently start their Precious Metals investment portfolios with Silver bullion. It is generally more affordable than Gold bullion and comes in numerous convenient shapes and sizes. Investors seek out pieces with high elemental purity because they are compact, tangible assets.
Silver bullion can be purchased in several forms:
Silver Bullion Coins
Silver bullion coins are manufactured by sovereign mints, such as the United States Mint. Bullion coins bear face value denominations because they are legal tender. However, investors typically acquire Silver bullion coins for the Precious Metal content, not the face value. American Silver Eagle coins are a popular choice for new investors and seasoned investors alike.
Some investors also acquire Junk Silver coins, U.S. coins minted with 90% Silver content. Junk Silver coins are not numismatic or collectible items. These coins are typically purchased for the intrinsic Precious Metal value only.
Silver Bullion Rounds
Silver bullion rounds are manufactured by private mints, like APMEX. Unlike bullion coins, rounds bear no denomination. 1 oz Silver Buffalo Rounds are a popular choice because they are affordable, easy to store and contain .999 fine Silver.
Silver Bullion Bars
Silver bullion bars are a popular choice for Precious Metal investors because they frequently feature a lower premium than coins and rounds. The most common sizes are 1 oz, 5 oz, 10 oz and 100 oz. The APMEX 1-ounce Silver Bar is a popular choice for those seeking a low premium purchase. Keep up with the Silver price per ounce by downloading the APMEX app from the iOS App Store or Google Play Store today.
How To Buy & Sell Silver Bullion
Today, buying and selling Silver bullion is easier than ever. Silver bullion buyers and sellers can visit a local pawn or coin shop. However, investors frequently choose online shops like APMEX because of our product expertise, pricing, integrity and selection. Expand your collection today and shop our assortment of Silver bullion products.
If you are on the lookout for Black Friday deals on Silver bullion, we are offering some of the best prices on bullion. Find new deals minted hourly, starting at 8:00 AM EST but don’t wait- our 2022 Black Friday deals won’t last long. Check back often for updates on new deals, and subscribe to our email list for notifications sent directly to your inbox. Happy Holidays from APMEX!