Silver Investing for Beginners

Silver Investing for Beginners

March 25, 2019

Are you new to the silver marketplace? Would you like to learn about silver investing? To those unfamiliar with silver and how to acquire it, this can feel like an intimidating or complex process. Fortunately, there are several ways you can try silver investing.

Use the following overview to familiarize yourself with silver investing and decide what method might be best for you. For additional assistance, contact your local precious metal advisor:

  • Physical silver: Probably the most obvious way to invest in silver is to buy the physical metal. You can obtain this material in silver coin or silver bar form. Silver bullion is also available from many precious metal and coin dealers. You can usually find silver in physical form in sizes ranging from one ounce to 1,000 ounces. The disadvantages to this option include pricing premiums and storage issues. You will probably pay a premium to the silver dealer, and you’ll have to find a way to safely store the material while you own it.
  • Silver ETFs: Exchange-traded funds (ETFs) offer a method of owning silver without storing the actual material. The ETFs represent an amount of silver, and the investor makes money when the silver market price increases. One disadvantage to this method of silver investing is the money lost to fees that are typically paid to those managing the ETF.
  • Silver mining stocks: If you’re interested in silver investing, you may also buy shares of silver mining companies. When silver prices go up, the stocks rise in value. These values are typically affected by mining operations, so they can vary greatly and include some risk. Owning a variety of mining stocks can help minimize this risk.
  • Silver streaming companies: These companies offer financing to miners in exchange for a royalty or streaming interest in the silver production. The company doesn’t run the mining operation, but simply invests in it. The value is affected by the fluctuations in silver prices and the quality of deals that the company can arrange.
  • Silver investing needs: To decide which silver investing option is best for you, it’s important to consider your investment needs. Do you want to own silver as a commodity? If so, physical silver might be a good choice. Do you prefer to seek a return? Streaming stocks might provide a good option to generate income with your silver investing. To determine which option is best for your portfolio, consult with a precious metal advisor. This expert can teach you more about silver investing and how the various options would play out in your situation.

Silver Investing 101

To learn more basics on silver investing and how to get started, contact the professionals at Gold Wealth Financial. Our precious metal advisor will educate you so you can make the best decision for your investments. We’ll also advise you when it’s time to sell. With our expert input, you can rest assured that your silver investing is done with the best interest for your future in mind. Contact us today with any questions or to get started with silver investing.

- by Steve Hunt

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