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Tag: silver bullion

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.

Itronics Expands Silver Bullion Production Using E-scrap

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

A-Mark Precious Metals Acquires Majority Stake in SilverTowne Mint

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

$2,000 Gold a Safe Bet: Byron King

$2,000 Gold a Safe Bet: Byron King

With gold prices rising from $1,061 to $1,343 per ounce over the first seven months of 2016, investors are no doubt wondering whether the yellow metal will hit $2,000 per ounce in the near future. Byron King of Agora Financial shares his thoughts.

Silver Price Predictions 2016

Silver Price Predictions 2016

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.

Silver Price Breaks Through $16 per Ounce

The Market Oracle reported that the silver bullion price has jumped 8 percent in just six trading days. Most recently, the white metal rose from $15.34 per ounce to $15.90 on April 11, and since then has gone on to breach the $16 level.

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