According to Bankrate, silver should not necessarily be considered a stable investment. Investors in silver can purchase the metal itself or purchase financial securities that move with the price of silver. Prospective investors should undertake either approach with caution and should research their options thoroughly.Continue Reading
An investor in silver can choose to buy bars, coins, or rounds, which are privately minted coins, states Bankrate. Collectible coins represent a particular challenge because their worth varies based on a variety of factors beyond the value of the metal itself. Bullion coins are less subject to this sort of volatility and can be purchased from the U.S. Mint or authorized dealers.
Bankrate explains that those wishing to invest in silver without physical ownership can choose an exchange-traded fund or stock in a silver mining company. As with the stock market in general, these sorts of investments are subject to volatility.Learn more about Investing