• Money
    • Budget
    • Shop
    • Travel
    • Stories
  • Career
    • Advice
    • Entrepreneurship
    • Freelance
    • Small Business
  • Investing
    • General
    • IRA + 401K
    • Stocks + Bonds
    • Retirement Planning
    • Estate
  • The Basics
    • Student Loans
    • Credit Cards
    • Debt
    • Taxes
    • More
  1. Home
  2. Investing
  3. General
  4. How to Sell Silver Bars

How to Sell Silver Bars

By: Robert Shaftoe
  • Share
  • Share on Facebook

There are numerous ways to invest in silver, but people invest in silver bars to make a pure play on silver spot prices. Silver bars are cast silver with purity levels in excess of 99.5 percent that buyers generally purchase in quantities ranging from 1 to 1,000 ounces. Silver is seen as an attractive alternative to gold, which has exhibited high price volatility over time.

Silver Billon
Close up of a silver bar
credit: Nishasharp/iStock/Getty Images

The Market for Silver

The price of silver has appreciated, but far less than gold, leading investors in silver to believe there is greater potential for upside in silver than in gold. Also, silver continues to be used in an increasingly broad array of industrial uses, primarily stemming from its electricity-conducting properties. There are numerous avenues for liquidating physical silver holdings. The most reliable purchasers of silver bars are precious metal dealers, both on and offline, and pawn brokers.

Video of the Day

Selling Silver

Take the time to compare each potential buyer's offer price. They will vary based on each dealer's own bid-ask spread that stems from the dealer's own inventory and transaction costs. Generally, larger dealers exhibit lower bid-ask spreads. When you consider online buyers, make sure to take into account additional transactions costs stemming from shipping and payment processing costs. Vet potential buyers to make sure they are not fraudulent, and make sure your physical silver's appearance is good, so as not to affect its value.

Show Comments

Related Articles

The Best Way to Invest in Silver

The Best Way to Invest in Silver

Investing
General
By: Joseph Nicholson
The Best Places to Buy Gold Bullion

The Best Places to Buy Gold Bullion

Investing
General
By: Lydia King

PARTNER CONTENT

Young Millionaires: 4 Ways to Hit $1 Million By 40

Young Millionaires: 4 Ways to Hit $1 Million By 40

How Hard Is It to Sell Gold Bullion Back?

How Hard Is It to Sell Gold Bullion Back?

Investing
General
By: Tyler Lacoma
How to Buy Swiss Francs

How to Buy Swiss Francs

Money
Budget
By: Grace Williams
How Much Is Silver Worth by the Ounce?

How Much Is Silver Worth by the Ounce?

Investing
General
By: Sarah Brumley

Get Weekly Savings& Finance Tips.

  • Money
  • Career
  • Investing
  • The Basics
  • About
  • Contact Us
  • Terms
  • Privacy Policy
  • Copyright Policy
© 2019 Leaf Group Ltd. Leaf Group Media

Get Weekly Savings
& Finance Tips.

Money Made Easier.

Please enter a valid email.