Silver has been a valuable commodity for hundreds of years and while its purposes have changed throughout history it has never lost its place on the market. In part due to its inherent malleability silver has managed to adapt to the changing times, keeping its value high even today. We’ve put together four ways to invest in silver and the risks that you may face.
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 comprehensive 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 in silver; there are a number of ETFs to choose from representing a scope of different companies.
By investing in silver futures you are agreeing to buy stocks in a commodity at a set price, which you will 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. 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.
Investing in silver 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.
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 some time to sell it. Like other investments, physical silver prices are still influenced by the market.
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 will inevitably come with risks:
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Investors tend to see silver as a safe haven investment, but safe haven doesn’t mean “safe”. You need to ensure that you still diversify your portfolio. Consider what your options are and ensure you’re aware of the risks involved in investing in this commodity, such as whether you’ll need to store any physical silver and the costs associated with it.
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