Silver bullion includes silver bars, silver ingots, silver medallions and silver coins. Silver investors purchase silver bullion to diversify their investment portfolio and as a hedge against currency, geopolitical and inflation risks.
Silver bullion coins have historically been used as currency, however today silver coins serve as a store of wealth. Examples of silver bullion coins include 1o ounce American Silver Eagle coins, 1o ounce Canadian Silver Maple Leaf coins, 1o ounce Walking Liberty silver rounds.
The price of silver bullion is determined by its silver content. Silver bars are poured in 1 ounce, 5 ounce, 10 ounce and 100 ounce weight sizes. Well-known and respected mints producing investment-grade silver bullion include the US Mint, the Royal Canadian Mint, The Perth Mint, Credit Suisse, PAMP Suisse, Metalor and Engelhard.
Silver bullion can be purchased from precious metal bullion dealers or on commodity exchanges such as the London Bullion Market (LME), an over-the-counter market for wholesale trading of physical gold and silver. The LME sets the quality standards for silver bullion bars. The minimum acceptable purity for silver bars on the LME is 99.9 percent silver.
Those investing in silver bullion can choose to either take physical position of their silver purchase or store their silver bullion in specially designated vaults. Internationally recognized silver bullion vaults include The Perth Mint, Brinks Inc. Salt Lake City & Toronto, International Depository Services Canada and USA, and ScotiaMocatta New York.
Shares in the silver exchange-traded funds (ETFs) are another attractive way to participate in the physical silver market. Silver ETFs are trusts that own the silver bullion, have major exchange listings and trade like equities. Precious metals investors purchasing silver ETFs can avoid the costs associated with taking physical position of the silver metal or paying for insurance and storage. The top silver ETFs include the iShares Silver Trust (NYSEARCA:SLV), Physical Silver Shares (NYSEARCA:SIVR), and PowerShares DB Silver Fund (NYSEARCA:DBS).
Some bullion dealers such as Worldwide Precious Metals offer other silver bullion-backed products such as equity financing, RRSP, TFSA and IRA silver bullion accounts.
There has been a notable disconnect between the silver spot price and the price of physical silver in recent years with physical silver trading at a premium to the spot price of silver. This growing difference in price is thought by some silver bugs to be proof of silver price manipulation by the big banks.
In 2014, investment demand for silver bullion, which includes silver bars, coins and medals and ETF inventories, totaled 197.4 million ounces according to research by Thomson Reuters for The Silver Institute. Silver coins and medals made up the bulk of that demand for a total of 107.6 million ounces in 2014. Key silver investment growth markets are in the United States, Canada, India and Spain.
By Melissa Shaw
E-waste is now considered to be the fastest-growing component of the municipal solid waste stream, and Itronics wants to cash in.
By Melissa Shaw
Itronics (OTC PINK: ITRO), a diversified zinc fertilizer and silver producing green technology Company, today announced that it has started silver bullion production using e-scrap (ground up computer circuit boards) as a “cost reducing” precious metal bearing raw material. E-scrap is readily available in large quantities, creating the opportunity to
Last week, the World Platinum Investment Council and BullionVault launched the lowest-cost online physical platinum marketplace.
A-Mark Precious Metals (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has declared a regular quarterly cash dividend of $0.08 per share for the fiscal second quarter of 2017. This represents a 14% increase from the previous quarterly rate of $0.07 per share. The cash
RENO, NV–(Marketwired – September 13, 2016) – Itronics Inc. (OTC PINK: ITRO), a diversified fertilizer and silver producing green technology company, today announced sales results and summarized its operations and diversification progress for the six months ended June 30, 2016. Total first half sales decreased 23 percent on a 23
SANTA MONICA, Calif., Aug. 31, 2016 (GLOBE NEWSWIRE) — A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has acquired a majority ownership stake in Indiana-based SilverTowne Mint and entered into an exclusive supplier agreement with Asahi Refining
By Jocelyn Aspa
Last year, the silver price dropped drastically from $18.29 an ounce at the beginning of 2015 to $13.83 to kick start 2016. No doubt, the silver price has been on the rebound this year, rising 42.66 percent back up to $19.62. Here are a few silver price predictions.
RENO, NV–(Marketwired – July 15, 2016) – Itronics Inc. (OTC PINK: ITRO), a growing and diversified fertilizer, silver, and minerals producer, today announced that it has started a full scale silver refining campaign to produce commercially saleable silver bullion from a mixture of its internally generated silver concentrates and e-scrap
SilverSeek.com reported that last month, the US Mint achieved the best sales of American Eagle silver bullion coins that it’s ever seen for the month of February. During the period, the mint sold 4,782,000 coins.
The Silver Institute put out a press release that outlines its thoughts on 2016 silver market trends. Among others things, the firm believes that the silver price should “find solid ground this year.” Furthermore, it sees the silver deficit increasing on the back of lower supply.
The US Mint announced that it’s sold a record amount of American Eagle silver bullion coins for the third year in a row. In 2015, sales of the coins reached 47,000,000 ounces, higher than the 44,006,000 ounces sold last year and the 42,675,000 ounces sold in 2013.
The Silver Institute reported that the US Mint, the Royal Canadian Mint, the Perth Mint, the Austrian Mint and the British Royal Mint have all put their silver bullion coins on allocation.
Last week, the precious metals space saw a bit of a shakeup when Sprott Asset Management announced its intention to make an unsolicited takeover bid for Central GoldTrust and Silver Bullion Trust. This week, Resource Investing News had the chance to speak with Rick Rule, founder of Sprott Global Resource