Should I Buy Silver?

Why invest in silver? Silver has been used as currency for thousands of years. But after the elimination of the silver standard in 1935, it lost its role as legal tender. Since it was more readily available than gold, silver has always been the most traditional option for monetary exchanges.

Today, silver is mostly used for industrial purposes, jewelry, and monetary investments. This demand for silver puts it high on the list of potential investments because of how widely it is used.

Silver offers many of the same benefits as gold, but it also has its own characteristics. You might be wondering, should I buy silver or gold? We believe both metals have their place in a well-diversified portfolio.

Why Silver?

When compared to gold, silver is much less expensive due to the fact that it’s more abundant. Unlike gold, which the government can confiscate in times of war or crisis, there are no laws dictating that silver be taken away from you during the same situation.

Silver is a much more volatile market, meaning investors can potentially see a bigger increase in monetary gain with silver than with gold. Also, more people store away gold instead of utilizing it, making it a not-so-ideal choice when investing with speculative growth as a priority.

Should I buy silver now, or wait? Many experts believe that silver has a bright future because of its high demand, so waiting to secure yours could be risky. Of course, like any market, it’s impossible to predict what the future holds. That said, silver is always being used for various reasons, and a majority of the silver mined across the world goes toward industrial purposes, including modern electronics, certain types of batteries, and solar panels. Why invest in silver? The demand for it certainly isn’t going anywhere anytime soon.

Because silver resists corrosion and rusting, it’s generally a top choice when manufacturing electronic devices. Should I buy silver if I foresee a strong future for the electronics industry? Absolutely. Because almost every electronic device uses silver within its hardware, silver is a valuable metal that’s often needed and sought after. Due to this increasing demand, the strength of investments in silver should continue to grow.

How to Buy Silver

Usually, an investor trading silver will purchase bullion bars or coins. There are various sizes of bullion bars. And because they’re rectangular with flat edges, they’re perfect for storing in a home safe or a bank’s safe deposit box. You might be asking yourself, should I buy silver bars or coins? It’s simply a matter of preference.

Silver coins have been used since the ancient Greeks developed a currency system. Today, when used for trading, silver coins can be allotted into two distinct categories: fine or junk. Older coins minted in the United States were made with only 90% silver, making these coins “junk” silver.

Silver Offers Protection from Economic Instability

Why invest in silver? Besides its high demand, silver is similar to other precious metals used for investments, in that it can be utilized as a hedge in times of financial stress and put forth against inflation, deflation, and devaluation. Should I buy silver to add diversity to my portfolio? Yes, silver ownership can reduce any potential losses or gains seen in your individual account. The most important factor in silver prices relies on investment demand, which has steadily increased over the years.

Recently, the outlook on silver investments has been positive, as prices are rising, and the market is full of people looking to buy. While historically, the prices of silver tend to fluctuate, the market value of silver has seen a general overall increase.

Precious metals such as gold and silver are always the most benefited commodities when prices turn around, and silver’s price increase usually exceeds that of gold. If you’re wondering, should I buy silver or gold, consider your goals. Gold is more stable, while silver is more volatile. Investing in silver is a big decision that can have an even bigger payoff, while investing in gold is a safer option that may not be quite as rewarding.

Talk to a Precious Metals Specialist Now

Why invest in silver? Many new investors who are just getting started with precious metals investing prefer silver because of its accessible price point. You can buy silver bullion coins or bars whenever your budget allows. You might be surprised by how quickly your assets accumulate if you invest on a consistent schedule.

Should I buy silver? If you still have questions, let’s talk. Our in-house experts will be happy to provide in-depth guidance so you can make an informed decision based on your individual goals and preferences.

Proceed confidently, knowing that Endeavor Metals is a Tier 1 precious metals dealer with an A+ Better Business Bureau accreditation and a 4.9 Google star rating. We’re members of numerous precious metals organizations, including the prestigious Silver Institute. Contact us now for a free consultation.

Contact us today at 855.753.3575

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