Before you buy silver bars online, use the table below to find the best place to buy silver bars. You can compare silver bar prices of popular bullion dealers like BGASC, GovMint, Bullion Exchanges and many more. Click the prices in the table to go directly to the bullion dealer’s product page. Alternatively, click the name of the bullion dealer to read customer reviews for that dealer.
|Silver Bar Weight||1 oz||5 oz||10 oz||1 kg||100 oz|
|Money Metals Exchange||$19.16||$94.80||$185.70||-||$1,782.00|
|Golden Eagle Coins||$18.02||$90.35||$176.20||-||$1,752.00|
|Kitco Metals Inc||$17.95||-||$179.10||-||$1,762.00|
Prices are updated continuously every 15 minutes but usually do not change when the market is closed. The market is open 24 hours a day, from Sunday at 5:00 PM Eastern time until Friday at 5:00 PM Eastern time.
Use the table above to compare silver prices for silver bars from silver dealers before you buy silver bullion. The table always displays the cheapest silver price available for one silver bar. For example, if the dealer sells 100 oz silver bars from PAMP Suisse and 100 oz bars from Engelhard, the table displays the cheapest price of the two. All silver bullion prices in the top table are in US dollars (Federal Reserve notes), and the European table is in Euros. For more information about how the silver price table works, read How The Silver And Gold Price Comparison Tables Work.
Be sure to check out the customer reviews before your choose a gold coin dealer. Then come back, write your own review, and tell us about your experience.
Buying Silver Bars Online
In todayâ€™s diverse bullion market, silver bullion offers an economical way of owning silver in quantities that suit your personal budget. In the price comparison table above, you can find silver in a variety of weights from 1 oz to 100 oz. If you browse further to one of the bullion dealers’ sites, like BGASC or Govmint, you can find silver bars ranging from 1 gram to a whopping 400 oz. Investors find silver bullion bars very popular and often prefer them over silver bullion coins for several reasons. Some common factors that push many towards investing in silver bars include:
- Affordable pricing – Silver bars have lower premiums over the spot price of silver than silver coins.
- No denominations – Bars are not stamped with monetary denominations. Silver coins, however, are stamped with a denomination. For example, silver American Eagle coins are stamped with a value of “one dollar” even though they are worth much much more. Silver bars, on the other hand, display only their weight and purity. Imagine you’re experiencing a global economic collapse, and you’re trying to explain to an uninitiated yahoo that the coin you want to exchange for a chicken is actually worth more than “one dollar.” If you have a silver bar marked only by weight and purity, you can avoid the confusion altogether.
- Variety – Bars come in several formats, like cast bars, hand-poured bars, and minted ingots. They also come in a variety of styles; everything from simple, hand-poured bars to limited edition artistic bars with intricate detail.
Tips for a Good Dealer
These are some things you can look for when searching for a place to buy silver.
- Honesty about stock quantities. “In stock” means you have the product on location, in your possession. It does not mean the product has been allocated by a supplier and is on its way.Â Don’t be afraid to list an item as out of stock.Â If possible, provide even more transparency by specifying when the item will be restocked. Not only will this make you more reputable, it also provides a signal to consumers that there are shortages in the market.Â Gold and Silver Online, for example, clearly displays the date when they expect delivery of out-of-stock items.
- Be direct and transparent with pricing.Â When listing prices on landing pages that contain a product assortment, display the price for a single item– not the lowest-price volume discount for that item.Â A sure-fire way to instill mistrust in new customers is to list the volume-discount price for what appears to be a list of single items. When a potential customer clicks an item and discovers that the price is actually a volume discount for a quantity he can’t afford, the result is suspicion, and it detracts from your credibility.Make tables that display payment options and volume discounts on product-detail pages.Â JM Bullion, for example, clearly lists all of the of the volume-discount prices and also includes the prices for different payment methods.
- No hidden fees.Â When people make purchases online, they expect to pay the cost of the product plus shipping, and sometimes tax.Â That’s it.
- Display live prices on your web site.Â Dealers that do not have live prices risk losing customers online.Â Nobody wants to call just to find out how much something costs, when there are plenty of other dealers who display live prices.Â Dealers that do not have live prices probably get most of their customers by direct referrals and are losing a great share of potential customers that find the dealer via online searching.
- Use consistent and clear names for your products. Each product name should stand on its own, without relying on page headings, for example, to provide clarity or other information. A product name should always include the metal, weight and if it’s a bar, the format (bar). For example, 1 oz Silver American Eagle, 1 oz Gold American Eagle,10 oz silver bar, etc.
Where to Buy Silver Online
Learn all about how to buy silver online before you actually do it. This article provides advice about the different formats that you can buy silver, from my own experience as a silver enthusiast.
Silver Bullion Bars
Silver bullion bars are a cheaper way of buying silver and usually have lower premiums than silver coins and silver rounds. The first silver purchase I ever made was a 1kilo bar.
Where to Buy Silver Online
Deciding where to buy physical silver coins and silver bars is an important decision. After deciding what you want to buy, go to my Silver Coin Prices table or Silver Bullion Prices table, find the item you want to buy, and click the arrow at the top of the column to sort by price. Then, check the gold dealer ratings–indicated by the stars under each dealer’s name–to determine which dealer has the best combination of low prices and a good reputation. You should consider other criteria such as:
- The silver dealer’s payment methods, return policy, and buy-back policy.
- Volume discounts.
- Reduced pricing for different payment methods. Note that you can find some of this information on my dealer review pages.
- Shipping costs.
Junk silver coins, or early US legal tender coins (nickles, dimes and quarters), actually contain silver. In fact, depending on the year and coin, some coins are up to 90% silver. The word, junk, refers to their collectible value, not the silver value. You can buy them by the bag, and they usually consist of early dimes, quarters and half dollars. You can also buy junk silver coins by the roll. 90% silver bags are listed on the Silver Coin Prices table.
Scrap silver is another way of accumulating silver. Here you can often get silver at cost price. You do need to know a bit about silver and what price you should pay for scrap. Old broken jewelery is a good source. Sometimes old silver coins can turn up as scrap silver. In this case always check if the coin has any collector value because if it does, it can be a lot higher than the silver content. It pays to do some research into the area if you intend collecting or accumulating scrap silver.
Another way of investing in silver that reduces premiums and saves on shipping costs is by using a system where the silver is purchased on your behalf and stored in a bank vault for you. A drawback of this, however, is that you don’t physically posses the silver yourself, and dishonest warehouses could sell the same silver to multiple people. For this reason, I do not recommend storage; however if you’ve determined silver storage is the best solution for you, here are some reputable places that offer silver storage:
These services let you buy silver in virtually any quantity, from just a gram or two up to as many ounces or grams as you want. This is ideal for an investor because you can implement a regular savings plan that doesn’t break the bank. The silver is stored in a remote bank vault and is audited by an independent third party on a regular basis to ensure that the silver or gold in the vaults exactly matches the record of silver in the clients’ accounts. Most of these brokers also let you collect physical silver, if you choose to do so
Silver Exchange Traded Funds (Silver ETFs)
Silver ETFs are a popular way to buy silver, which I morally oppose. ETFs trade fictional paper silver (similar to paper gold), and without the ETF market, it would be pretty hard to manipulate silver prices as they do today.