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There are two ways of investing in silver; buying physical silver or purchasing paper silver in ETFs, futures contracts.
In this article, we will talk about silver bars, a physical way of silver investment. There are various types of physical silver available in the market. Some of them are silver utensils or jewellery, silver coins, silver bars, silver rounds, silver shots and numismatic silver. Let us know more about silver bars.
The silver bars come in a rectangle shape, and their height is about ¼ inch to ½. These bars are made by pouring liquid silver into moulds. The liquid silver is produced by melting silver from scrap jewellery, leftover silver from industries like electronics, pharmaceuticals etc.
These silver bars are popular as one of the easy ways to invest in silver. About their shape, they can be easily stored and handled.
Silver bars are available in various standard sizes. The most common range is from 1 oz to 100 oz, and weight varies from 5 oz, 10 oz to 50 oz. Thus, it can be said that silver bars are more suitable for investment as compared to other, say, silver coins, as the coins are more costly because of collectability.
Several renowned business groups, private refineries and mints, and even individual units manufacture their own silver bars. Silver bars can also be designed with intricate artwork or kept plain with only the logo of weight and purity.
Given below are some renowned brands producing silver bars and have a good reputation in the industry.
- Credit Suisse Silver Bars
- Heraeus Silver Bars
- Johnson Matthey Silver Bars
- NTR Silver Bars
- OPM Silver Bars
- RCM Silver Bars
- Scottsdale Silver Bars
- Sunshine Silver Bars