Investing In Silver

The Silver Investment Market is very bullish and it has been that way for several years now. The silver price trend has been so bullish that the Silver Market today suggests that investing in Silver could be one of the best long term investments available for investors today. Precious metals like Gold and Silver have long been recognized as a store of value (a commodity that can be stored and retrieved over time) but what is often forgotten is that Silver has been out performing Gold since the turn of the new millennium. While Gold has increased in value by 90% in the past 3 years, Silver has increased in value by 160% in that same time frame almost outpacing Gold by 100%. Although the current price many not reveal it, conditions for Silver Investments, like a gold IRA, today are better than they were back in the 1970s when the price of Silver skyrocketed to more than $50 per ounce.

New technological uses for silver has spurred a Worldwide demand for silver. The demand for silver is continuing to grow while silver supplies are diminishing quickly. The demand for silver far exceeds production and has so ever since the early 1990s. The United States Government at one time was one of the largest silver hoarders in the world but they have been dumping billions of dollars worth of silver onto the world market within the past few decades which has caused the price of silver to gradually decline. Now that stockpile of silver that the United States Government used to have is gone and the United States Government is once again a buyer in the silver market.

Silver Dollar

1921 Peace Dollar

Don’t let the current Silver prices fool you. The markets are trending upwards which points to an economic recovery which spells good news for Silver Investors. The global silver market is relatively small compared to the global gold market and because of that prices tend to be quite volatile which could explain the recent drop after the the 160% gain in 2011. At ~$20 per ounce, many silver investment experts are picking silver to reach $40 by this time next year and possibly $60 by the end of 2014!

The great news is that Silver is widely and easily available plus Silver comes in a variety of sizes and packages.

  • Silver bars or bullion is a traditional way to purchase Silver. Silver Bullion bars come in a variety of sizes from 1 oz Troy bars all the way up to 1000 oz Troy bars. Of course odd shaped and weighted silver bars are also available but these odd sized bars typically sell for less because of the extra work entailed in weighing the bars and the extra risk involved due to the lack of a good brand name.
  • Silver Coins like the one ounce Canadian Silver Maple Leaf and the one ounce American Silver Eagle are more popular than silver bullion. Coins may be minted as either fine silver or junk silver. U.S. coins up to 1964 typically weigh 24.71 grams of silver per dollar of face value. All U.S. dimes, quarters, half dollars and 1 dollar pieces contain 90% silver up to 1964. Junk silver coins are also available as sterling silver coins, which were officially minted until 1919 in the United Kingdom and Canada and 1945 in Australia. These coins are 92.5% silver and are in the form of Crowns, Half-crowns, Florins, Shillings, Sixpences, and threepence. The tiny threepence weighs 1.41 grams, and the Crowns are 28.27 grams (1.54 grams heavier than a US $1). Canada produced silver coins with 80% silver content from 1920 to 1967.
  • Silver Rounds are a cross between silver bullion and silver coins. Silver rounds are produced by a many different mints and typically contain a troy ounce of silver in the shape of a round coin. These silver rounds contain No value or status as legal tender. Rounds can be ordered with a custom design stamped on the faces or in assorted batches.
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