Silver

What is silver used for?

Silver is a metal that has thousands of uses and is second only to crude oil in terms of its versatility.

It is therefore not surprising that it is still perceived primarily as an industrial metal, which in addition is gradually gaining importance - due to the dynamic development of green energy, 5G networks or the electric car market. Let us add that the current industrial demand accounts for more than half of the global demand for silver.

On the other hand, the movements in the price of the metal evidently mimic the movements of gold, and silver itself has long been considered a form of investment as well.

Its second, investment face is confirmed by the growing interest in silver bars and coins, as well as the fact that today there are many financial instruments based on silver, including ETFs, futures or CFDs.

In the eyes of investors, at least some of them, it is also the equivalent of hard currency, in which it is better to keep funds than in cash consumed by inflation. All of this makes an investment in silver worth at least considering.

Investing in silver

Investing in silver, like gold, can be for the long-term holding of gold or making money from changes in its price for a shorter period of time. Regardless of how you would like to invest in this metal, prepare yourself properly and carefully analyze the specifics of such an investment.

Silver is used as a trade, currency, and investment in several countries around the world. Although it is not as popular as gold, it is more common and easier to find. It is used in the production of coins, jewelry, and industrial products.

Silver is also used to make money from a price rise or fall in the value of the metal. Most people invest in silver in the form of silver coins. Although silver coins are the easiest way to get silver, they are not very safe to use as a long-term investment.

Silver coins the most popular mints

Financial experts point out that silver and gold protect the real value of money against inflation. Ron Paul, a famous Texas congressman, wonders why the market is short of silver coins. What does the American Mint say?

For several months, the price of silver has been growing much faster than the price of gold. Last year, the price of the first metal increased by 82 percent, while gold by 30 percent. We are also observing a similar behavior of prices this year. Such a tendency will continue as long as the relation of the price of gold and silver does not drop to a dozen or so, as it used to be in the past, experts on commodity markets believe. Currently, investing in silver is gaining popularity, and its significant advantage is the relatively low capital requirement.

A second important factor in favor of coins is that it is very easy to verify their authenticity.

This is due to the fact that the dimensions, weight and even the sound of such a coin are widely known, so you can use a smartphone application that will check whether a given coin is real.

It is much more difficult to verify the authenticity of a silver bar.

Another thing is divisibility. One-ounce deposits are worth approximately 25 USD. so it is easy to divide or sell parts and investments.

What options to choose
It is definitely worth choosing widely known and mass-produced coins. In their case, the price will not include large commissions in relation to the average price on the commodity exchange and we will not have a problem with a possible resale.

The most famous 1oz silver coins are: