News & Opinions About Gold & Silver

February 25, 2024

Silver Investing Choices

The following is provided by the Silver Institute on how to invest in Silver. Should you decide to add silver to your investment portfolio, there are a number of options for you to consider. Here is a summary of silver investment choices.

  • Bullion: Silver in the form of bars that are at least 99.9 % pure.
  • Official Coins: Silver coins issued by a government mint.
  • Medallions (Rounds): A round piece of silver resembling a coin but not considered legal tender. Medallions may be issued by governments or private mints.
  • Certificates or Storage Accounts: Silver is kept in storage but the investor can take possession within a few days if desired.
  • Accumulation Plans: This approach enables investors to accumulate silver on an average basis, similar to dollar cost averaging. The investor does not own the physical silver.
  • Futures and/or or Forward Contracts: An agreement made on an exchange to take or make delivery of silver at a set date in the future.
  • Options: The right, but not the obligation, to buy or sell a silver or a financial security linked to silver on a specified date in the future.
  • Exchange Traded Fund: A basket of equities linked to silver, i.e. the physical metal, producers, refiners, etc. ETFs are traded on exchanges throughout the trading day.
  • Mutual Funds: An open-ended fund that holds a basket of silver-related equities that are priced once daily.

The Austin Report has historically recommended physical Silver Coins like American Eagle Silver Dollars or Canadian Maple Leafs. They are official legal tender, standardized at One Troy Ounce, easily recognizable, easy to buy, sell, or trade. It’s important not to overpay on the premiums over the spot price of Silver.