• Home
  • /
  • Blog
  • /
  • Is Silver a Good Investment?

Is Silver a Good Investment?

investing in silver
Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Read our Advertising Disclosure.

Silver has been used as a currency for thousands of years and still plays an important part in financial investing and diversification today. When looking into precious metals investments, many people are drawn to the benefits of purchasing silver.

Silver is a good investment because of its resilience against inflation and local economic fluctuations. Although its price fluctuates, it has remained a safe and stable investment for decades. Its physical form is also a great way for beginners to learn how to save money and accumulate wealth. 

In the rest of this article, we’ll explore the field of investing in silver. We’ll see why it’s a good investment and how you can get started with your own silver collection. 

Why I like Birch Gold Group:

As a leading national dealer of precious metals, Birch Gold Group helps Americans diversify their savings with physical gold and silver.

>> Read our full review

Management Investment: $10,000

Fees: $180 /year (custodian fees)

Promotion: 1st year fees waived (over $50k accounts)

Investing in Silver

Making an investment in precious metals is a long-practiced tradition that allows investors to keep their wealth on hand and out of the local economy and currency. 

Silver is considered a very safe investment, as it tends to be resilient to economic trends.  Let’s take a look at some of the top reasons people choose to invest in silver. 

Silver and Local Economies

Silver continues to be a great investment because it’s not impacted by inflation. 

As your country’s currency might fluctuate, silver won’t suffer from the same ups and downs. Especially in countries with fluctuating economies and significant inflation, investing in silver can make more fiscal sense than making investments in the local currency. 

If your local currency were to suffer a serious collapse, having silver on hand would be particularly useful. 

Local investments could be reduced to practically nothing with a serious currency collapse. However, silver isn’t part of this economic system and would retain a value that’s not pegged to the local economy. 

For more information about how silver acts in the face of inflation and currency collapses, you can check out this video on YouTube:

Click to play

Additionally, we have seen silver maintain its value even in the face of severe stock market crashes. Although the price might fluctuate a bit at first, the price tends to even out and provide a comparatively safe investing option.

Silver vs. Gold

For many people, gold is the first precious metal that comes to mind when it comes to alternate investing. Both gold and silver have been used as money for thousands of years and continue to play an important role in financial wellness today. 

However, there are plenty of reasons why silver is a great option.

Gold tends to cost significantly more per ounce than silver. This can make it less accessible for someone who’s looking to get started with their own investments and doesn’t have a lot of cash on hand to invest. 

On the other hand, silver’s role in industry and technology can give it additional risk factors, although they’ve shown to be minimal over time. It is a metal that’s not just for collecting but is avidly used as a material in technology and industry, which contributes to the value of the metal.

If silver were to be replaced in upcoming years, its value could decline. However, the opposite is true as well. As silver is a highly conductive metal that’s sought after for various applications, the more we advance technologically, the more it could lead to an increase in the value of silver.

Learning to Save With Silver

The safest way to make an investment in silver is simply to purchase some physical pieces. Keep this investment on hand in a safe place, allowing it to function as a type of savings account.

When you want to liquidate your silver collection, you’ll need to bring it physically to a place that’ll buy it or sell it online. Coin shops and other specialty stores might be in the market for purchasing silver.

It’s best if you can shop around and find the place that’ll offer you the best trade-in value for your investment.  Selling your coins online is another great option for liquidation.

You might be able to get a better price through online sales if you’re not in a rush to get the sale done.  Many people enjoy the effort that it takes to liquidate their silver savings account.

When using a traditional savings account in a bank, for example, it can be all too easy to transfer the money to your checking account and start spending it. 

The simple fact that it requires some effort to spend your silver can help you from spending it on a whim. Purchasing silver can be a great way to learn how to save money and train yourself into better financial fitness.

Tips for Stacking Silver

If you’re interested in starting your own investment in silver, let’s take at some things you need to know to get started. 

First, you need to know what forms silver tends to come in. Most dealers have bullion bars or coins for sale. Bullion bars are pure silver poured into coin form and carry the current market value of the metal.

They don’t tend to take on any additional value, which can be the case for coins.  Bullion coins can take on a value in addition to the silver that they are made of. 

Coins from particular mints or dates can become particularly valuable. The American Silver Eagle Coin is one notable example. It carries a face value of one dollar, but its actual value is much higher. 

This coin is bought and sold much higher than the singular dollar value it has been assigned. 

When you purchase your first pieces of silver, make sure you do so through a reputable dealer. Do some research in your area or online to find a trusted dealer where you can purchase your silver without worrying about the quality of your purchase. 

Should You Invest in Silver?

When it comes to investing outside of the stock market, precious metals are a great idea.  

Making an investment in silver is considered a safe way to diversify your investments. Silver will retain its value even in the face of inflation and local economic fluctuations.

It's physical form can also help you learn to save and get used to the feeling of accumulating wealth without spending it. 

Birch Gold Group

Birch Gold Group offers precious metal IRAs and precious metal sales with an emphasis on customer education and all-in-one service.

Birch Gold Group icon

You may also like

loanDepot Review

loanDepot Review