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How to buy silver
A guide to investing in silver sources, from shares to CFDs
This page discusses different ways to invest in silver and the risks that you may face.
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Ways to invest in silver
1. Silver ETFs
Rather than trusting your money to the stocks of one or two companies, ETFs offer the chance to invest in a basket of assets. You can learn more about ETFs with our guide.
Compared to other popular investment methods ETFs are simpler and more accessible. ETFs can be bought and sold in a similar way to stocks but remain less vulnerable to market fluctuations due to the diverse range of assets that form them.
ETFs are perhaps the best choice for newcomers looking to start investing; there are a number of ETFs to choose from representing a scope of different companies.
- ETFs are one of the most reliable options for investors. While they still come with risks, they are much more resilient to market conditions.
- Gain far-reaching access to silver assets at reasonable prices.
- Because ETFs are made up of a collection of assets you lose some of the control you might have had over an investment in a single stock.
2. Purchase silver futures
By investing in futures, you are agreeing to buy stocks in a commodity at a set price, which you then receive some time in the future. The idea is that you end up buying stocks at a lower price than they would otherwise be, but this is heavily dependent on market movements.
Being so vulnerable to market volatility makes futures risky. With some luck and a good knowledge of the market, futures can bring you large returns, but on the other hand, you may make a loss. If you’re new to investing you might want to learn the ropes first before considering futures.
- Under the right conditions futures can yield solid rewards for their investors.
- Futures give you straight ownership over your stocks.
- Futures are a real gamble and if you make the wrong choices you could potentially lose a lot of money.
- Futures only last for a set period of time, if you fail to use them within this period they expire.
3. Purchase silver stocks and shares
Investing in stocks is a well-known method for approaching the market.
Silver has a number of uses which make it a desirable asset in many modern industries. Its popularity makes it an easy commodity to invest in, with many companies offering their stock and a number of brokers and advisors willing to sell them.
- A large variety of stock to invest in.
- Control over your investment.
- Leave the market when you want.
- Tried and trusted way of entering the investment world.
- While safer than futures, stocks are still vulnerable to market fluctuations. Valuable metals can be especially volatile, and prices may vary wildly for no real reason.
4. Buy silver coins and bullion
Rather than investing in silver stocks, you may decide to invest in physical silver. Ranging from an ounce to five or more kilograms, you can choose to buy coins or bullion to sell on your own terms.
While you have full control over the asset, buying physical silver is a longer-term investment. Depending on the amount you buy you could be waiting for some time to sell it. Like other investments, physical silver prices are still influenced by the market.
- Direct control over your asset.
- Finally selling your assets can bring great returns.
- Silver looks pretty in a pile on your floor.
- It can take a long time to find a buyer for your assets.
- Buying physical silver makes you vulnerable to fraud.
How much is silver worth now?
Is silver a safe investment?
As mentioned above, silver is a staple material for many modern industries and there are a number of routes available for investing in it. However, regardless of which way you approach it, your investment inevitably comes with risks:
- Fluctuating prices: Valuable metals have a tendency to fluctuate in price over small periods of time, sometimes with no real cause.
- Storage: Finding somewhere to store physical silver can be a hassle, and storing it with a broker will come with a fee.
- Fraud: While it is tempting to look for the best prices, if it is too good to be true, it probably is. When buying physical silver, trade with reputable dealers to avoid being fleeced.
- Political and environmental events: Political and environmental issues can make the mining, refining and trading process more expensive for companies, causing price fluctuations.
Frequently asked questions
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