What Are The Different Kinds Of Silver Bars?

If this is the first time you are about to buy silver bars, then there’s probably some information that you’re going to need to learn. Like, for instance, what the different sizes of silver bars are and why they might be advantageous or disadvantageous for you to own. So let’s take a look at some of these options now so you can get a better understanding of your silver bar choices.

The first option you might want to go after are 1 ounce silver bars. These are also known as ingots, and they contain one troy ounce of silver which is basically 99.9% pure silver. They are very affordable to own, but the premiums are a lot higher than the larger silver bars. So that’s a potential downside to buying silver in such small quantities.

Another option you have would be to buy 10 ounce silver bars. This is actually the most popular size of silver bar that gets purchased each and every day. They contain 10 Troy ounces of silver, which is the equivalent of .999 ounces of fine silver. They’re advantageous to own because they are very popular, so you’ll be able to sell or trade them quite easily. They’re disadvantageous because just like the one ounce bars, the premium is often very high so you’re going to pay quite a bit extra then you would if it was a bigger bar.

The next choice you have are 100 ounce silver bars. When people buy these bars, they often do so as an investment purchase. They don’t often use them as an inflation hedge which you would most likely buy the 1 ounce or 10 ounce bars for that purpose. This is a large bar that you would want to keep in storage as it accumulates in value. The advantage to buying a bar this size is that the premium is low when you compare it to the spot price of silver. The disadvantage is that they are quite expensive so smaller investors will most likely have to stay away.

These are the different sizes you’ll probably come across when you buy silver bars. Get to know the different sizes and learn the advantages and disadvantages so that you can make informed decisions about your investments.

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