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Silver bars are the traditional way to invest in this well-known precious metal. For over four thousand years, silver has been a renowned store of value that was also used as a form of money. While the silver standard for money is no longer prevalent, silver bars continue to be a global standard for investors who want to buy silver bullion.
Buying silver bars at the lowest possible premium makes them the best bet for investors simply looking for the most silver for their money. A silver bar costs less for mints and refiners to produce than smaller fabricated rounds and coins. That means savings for investors who want to stack them.
Smart consumers are also buying silver bars as an investment to hedge against inflation and protect future wealth. The goal is to buy silver at low prices, hold it as a form of savings and investment, and eventually investors will want to start selling silver bars at a high price.
Silver bars can also be part of an investment portfolio in the form of a precious metals IRA. This option is perfect for the investor who is looking to diversify their portfolio with physical precious metals. The various options available for silver bar sizes ensures that the portfolio is not too heavy with large silver bullion or too light with small bars.
Silver bars range in size from 1-ounce all the way up to 1,000-ounce. The 10-ounce and 100-ounce bars are perhaps the best options as those sizes provide the best overall values. The varying sizes make it easy to store the physical bars in durable safes because they can easily be stacked on top of another reducing the space requirement. Silver bars may be the way to go if room in a safe is limited.
Unlike collectible silver coins, the silver bar industry is straightforward. The value is dictated by the purity and weight of the silver bars. We generally do not recommend paying a higher premium when buying silver bars that are produced by any specific “brand name” producer. We also do not recommend paying extra for bars with a serial #. It just isn’t going to matter much to dealers when it is time to re-sell so the extra premium may be wasted. As long as the silver bar is in good marketable condition, carries a stamp with its weight and purity, and is made by a recognized producer, little else matters.
As long as the silver bar is in good marketable condition, carries a stamp with its weight and purity, and is made by a recognized producer, little else matters.
Most investors should steer clear of buying 1000 ounce exchange sized silver bars. For one, these bars are incredibly cumbersome to handle. They are expensive and difficult to ship. And selling 1000 ounce bars requires dealers to automatically issue a 1099B on the seller (unless the seller exchanges it into another form of silver instead of taking cash).
Perhaps most importantly, sellers of these 70+ pound silver bars will typically find dealers significantly discounting the buy-back price. Many small dealers avoid them altogether as they will not be able to readily re-sell bars that size. And larger dealers with quality control programs will buy these large bars but send any that come from outside the COMEX chain of custody to be melted and assayed. The purchase price will be discounted accordingly. Many of the exchange sized bars we buy come from investors who are unhappy with holding them and looking to swap them for smaller, more convenient and more liquid forms of silver.
Money Metals Exchange offers silver bars for sale from the most prominent mints and refiners in North America, including:
We recommend investors buying bars to choose from the sizes below and avoid "off-weight" sizes. They are likely to be discounted or harder to sell later on.
1 oz silver bars are popular among investors. Having multiple 1 oz bars allows investors to sell off a portion of their investory while holding on to the rest until another price opportunity arrises. These smaller bars also provide the perfect opportunity to diversify an investment portfolio that is filled with larger bars.
The storied Sunshine Mint in Idaho’s Silver Valley produces the 5 ounce bars in our lineup. The bars are beautifully crafted and designed to fill a gap in bar roster; lower premium than the 1 oz bars while still being smaller than the 10 ounce alternative.
This is another common size for silver bars. This size is still affordable, portable, and easy to store. Entry-level investors with a limited budget are often attracted to these bars to help them get started.
The premium savings that bars offer compared to silver rounds begin with the 10 ounce size. Investors can expect to save 5 to 10 cents per ounce versus rounds, and significantly more versus government issue bullion coins such as the American Eagle or Maple Leaf. 10 ounce bars of silver are available from a handful of manufacturers. The silver bars come individually sealed in plastic, generally in sheets of five or ten which can be separated as needed. Money Metals Exchange carries bars from the most prominent and best regarded refiners in the US including Republic Metals, Ohio Precious Metals, NTR and Sunshine Mint.
Money Metals Exchange just added kilo-sized bars to our lineup as a "middle ground" option between 10 ounce and 100 ounce sizes. These bars typically offer some savings versus smaller bars while remaining small enough to easily handle and stack. Republic Metals is the current provider of our silver bars in this handy size.
These bars are another great option for investors who wish to accrue wealth through a diversified portfolio.
100 ounce silver bars offer the absolute lowest silver premiums in our product lineup. They are the best way to buy silver as close as possible to the spot market price, while preserving portability and ease of resale or liquidity. Those purchasing 100 ounce bars will generally save 10 to 20 cents per ounce (or more) versus 1 oz silver bars and rounds.
When it comes to the 100 ounce size, the "mint mark" carries a little more importance. We offer fine silver bars from Johnson Matthey, the Royal Canadian Mint, Republic Metals, and Ohio Precious Metals. Every bar is marked with the manufacturer along with its weight and purity and always fully guaranteed.
Many dealers, including Money Metals Exchange, will slightly discount bars that are not produced by IRA-approved manufacturers since many 100 ounce bars are sold to self-directed IRA account holders. An IRA-approved bar is one that is either made by one of the “big three” – Johnson Matthey, Engelhard, or Royal Canadian Mint (RCM) – or an ISO 9001 certified manufacturer such as Republic Metals or Ohio Precious Metals (OPM)/NTR.
100 ounce silver bars are considered to be the standard vehicle among larger precious metal investors. Typically they can be purchased at very low premiums above the silver spot price, meaning you get the most silver for your money.
While we don't recommend this giant bar for most investors, we do have this silver bar available for customers who wish to store it in a COMEX depository. For those customers who want delivery on their silver bars, we recommend purchasing some of the 1, 10, and 100 ounce bars instead.
Buy your silver bars with confidence from Money Metals Exchange. We specialize in the most cost-effective, most liquid bars produced by some of the largest and well regarded mints and refiners in the US. You can lock pricing and purchase online anytime. Or give us a call at 1-800-800-1865. We will be happy to answer your questions or take your order by phone.