There are two ways of investing in silver; by buying physical silver or by purchasing paper silver in the form of 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, pharmaceutical etc.
These silver bars are popular as one of the easy ways to invest in silver. Pertaining to 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 the purpose of investment as compared to other say, silver coins as the coins are more costly because of collectability.
There are several renowned business groups, private refineries and mints, and even individual units who manufacture their own silver bars. Silver bars can also be designed with intricate artwork or can be kept plain with only the logo of weight, 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