Frequently Asked Questions

The spot price is what matters. This refers to the price silver can be exchanged and delivered right now.  It is the current trading value of silver and other precious metals, as well as certain other commodities.  The quote for immediate settlement at any given time is effectively the Spot market price. 

A spot price is defined by the number of buyers and sellers interested in trading in that security, commonly referred to as depth. It is the reference or starting point for pricing many financial products. 

Retail bullion products including bars, rounds, and coins carry small premiums over spot prices. The premium includes minting costs plus the dealer's profit. The premium also incorporates any wholesale premiums the dealer must pay to acquire the inventory. 

Silver is a Valuable Asset: The two most commonly known precious metals, gold, and silver have always been dependable investments with intrinsic value that has never waned over the centuries. Over the last 18 years, the price of silver has more than tripled from a low of $7 per ounce in 2005 to its current level of $23 per ounce. 

According to the latest long-term forecast, Silver price will hit $30 by the end of 2024 and then $40 by the end of 2026. Silver will rise to $50 within the year of 2028, $60 in 2030, $75 in 2032 and $80 in 2034. 

Bottom line, both silver and gold can function as safe haven assets.  That being said, beginner and expert investors around the world choose silver more than any other precious metal. The price of silver per ounce is lower than gold making it accessible for beginners with a limited budget. 

The easiest way to invest in gold and silver is to buy one or more exchange-traded funds (ETFs). The key advantage is that they are extremely liquid, and you can buy or sell them within your brokerage account. This allows for easy portfolio rebalancing and an inexpensive and hassle-free buying/selling process. 

1. Peru. Silver reserves: 98,000 MT. At 98,000 metric tons (MT), Peru is at the top of the list for highest silver reserves in the world by country. 
2. China. Silver reserves: 71,000 MT. 
3. Poland. Silver reserves: 65,000 MT.

Silver's value would increase. One reason is because there's a limited supply of silver, meaning as demand increases if the dollar collapses, the value of silver will actually go up, since there's not an indefinite amount of silver left. 

The answer is yes, based on the current economic conditions and potential market volatility. Investing in precious metals such as gold and silver can help protect your portfolio against inflation and economic uncertainty. Feb 28, 2023