Where to Buy Silver ☛

where to buy silver

Right about now, savvy investors are figuring out where to buy silver.


Because mistrust in the banking system sparked by the 2008 Global Financial Crisis is at all time highs and they are looking for ways to get their wealth out of the system.

If you’re in a hurry, you can check out our top 10 places where to buy silver straight away.

If you are in less of a hurry to answer the question: “where can I buy silver” then in this article, we’ll look into that question a little deeper.

There are few things that need to be considered before asking yourself the question: “where can I buy silver?” For example, the size and weight of silver, price and purity of silver.

As well as gold, purchasing silver is also a superb way to make an investment for the future. As all dealers don’t offer the best service, it becomes very crucial to know from where to buy silver from.

Is Silver Safe from Inflation?

In times of crisis, silver and gold investment can be a great source of profit. Investing in silver can be a guaranteed way to fight inflation. Silver is a precious metal but it cannot be easily destroyed and it cannot be affected by the inflation or deflation of the value of paper money.

Price of Silver Compared to Gold

The price of the silver is very low as compared to gold, although a few items such as collector’s coins can potentially be of a much higher price than gold depending on the condition, the year it was made and on the maker of the item. The price of a silver bar will depend on its weight and will be of a fixed silver purity ratio.

Where to Store Silver?

Silver bullion is the most common form of investment. It can be stored easily at home or in your trusted custodian. At home, you can store it in a safe whereas in the custodian it will be stored in a vault.

What Types of Silver Bars Are There?

The most common type of silver bar in which most investments are made is 100 ounces that weigh around 6.8 pounds or 3.11 kgs. This is also the most popular amongst investors. Silver bars are available in 1 ounce, 10 ounces, 100 ounces, 1000 ounces and some odd weight retail bars that are cheaper in price because they lack a reputable and good brand name.

where can I buy silver

Where to Buy Silver From?

Here are some things to consider when choosing somewhere to buy silver from:

  • It is always recommended to buy silver from a retailer or commercial establishment that has great testimonials. This way, you can be sure of their credibility and reliability.

  • Purchasing silver online is not as risky as it once may have been, especially if you go by recommendation. Reading online feedback and reviews from people who have bought online can be a strategic way to avoid being scammed or fooled. You should always make sure that the dealer is accredited before buying any of the precious metals.

  • It is always beneficial to enlist an experienced and trusted dealer before making any decisions regarding investing in precious metals like gold or silver bullion.

  • If at all possible, it is preferable to purchase wholesale silver bars instead of purchasing it piece by piece as wholesale silver is cheaper.

  • Always look for a company that has a stellar reputation, is top-rated by industry and other business associates, has no complaints registered against it, that provides best customer service, and that provides secure and fast delivery.

Now you have read all the basics about silver and where to buy silver, the next thing is to keep a track of silver prices and its changes in the market. With the help of this information, you can track your profit and be alert about the correct time to increase your holdings.

depreciation of the dollar with inflation

Factors that can influence the decision

When an investor sets off to purchase silver, there are different factors that can have an influence on his final decision.

  • One of the most important factors is the price. Dealers know this very well and most of them try to build their advertising campaigns and business models around lower rates and cheaper prices.

  • Shop around and do your own research. This will help you do shopping comparison and you can get good quality and lower rates. Before making the final decision, do confirm the credibility of the dealer in order to avoid getting scammed.

  • Make sure to check the gold/silver ratio as it can give you an idea about whether to make an investment or not.

  • Checking historical data can also help you in your decision.

Thomas Jefferson private banks quote

How to Avoid Getting Scammed Buying Silver?

Follow these tips in order to avoid getting scammed when buying precious metals:

  • Read online reviews and feedback as it can help you in getting to know the credibility of dealer.

  • Do not buy from television ads as they are very expensive and that overhead will go onto the price of your metals!

  • Do not opt for investing in paper silver (ETFs) as they are risky and if the company which has issued these goes bankrupt, you may not get anything.

  • Do not invest in collectible coins as the value of it depends very less on actual substance and more on rarity or image quality. These can be used to give a gift or collectible purposes.

  • Avoid buying any kind of silver certificates.

  • Always try to look for the total volume of complaints that a corporation receives and how it handles these and which kind of issues customers are facing. There might be some minor issues but you may get to know about any major issue that a customer might have faced.

  • Just Google searching a company’s name along with words like ripped off or scam can also help you see the potential customer complaint posts.

  • Consumer protection websites can also help you in avoiding fraud dealers or companies.

Where Can I Buy Silver Conclusion

Hopefully you are now closer to answering your question, whether it was, “where can I buy silver” or “where to buy silver”.

You can now go ahead and read our top 10 recommendations for where to buy silver or you can claim your free silver investing kit.

John Wilson, Editor

eGoldAdvisor Editor is John Wilson. John is an accomplished online and offline businessman and investor. He has significant personal holdings of precious metals and also real estate.

Some time ago, John came to the painful realisation that the government does not have our best interests at heart; least of all our wealth. Read more...

Image credit: Sprott Money

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