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Silver bars are typically made from 99.9 percent pure silver, while some producers, like the Royal Canadian Mint for example, use. Silver bars may be purchased and stored at home, in safe deposit boxes or in other secure storage facilities, such as third party vaults. Some of the more common producers of these silver bars are Johnson Matthey, OPM Metals, Engelhard, NTR Metals, Sunshine Mint, SilverTowne and the Royal Canadian Mint. Common silver bar sizes include 1 oz, 5 oz, 10 oz, 1 kilogram and 100 oz. Silver bars can offer investors a simple and easy way to accumulate varying amounts of silver in its purest form.
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Silver Barsīars come in various shapes and sizes and are made by different fabricators or mints from all over the world. Below we will take a look at some of the various types of silver bullion available today. Silver bullion products are manufactured to offer investors a convenient means of making investments in precious metals. The term Bullion supposedly came from a French aristocrat named Claude de Bullion, while others have suggested that the term stems from the French word bouillon, which means “boiling” and was perhaps referencing a melting or minting house.
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The term silver bullion refers to pure silver in bar (ingot), coin, or round form. Silver is most commonly used today in electrical components, silver oxide batteries and various areas of radiography What Exactly Is Silver Bullion The fact is, silver can accomplish things that other elements cannot come close to and, therefore, demand for it is likely to continue to rise. It can endure extreme temperature changes, and its electrical and thermal conductivity make it extremely versatile in modern industry. Silver is a very interesting precious metal which has unique malleability, strength and ductility. Silver has many different uses both industrially and as an investment vehicle. At, our up to the minute spot prices are provided by, a leading provider of market data cloud solutions. The current silver spot price is determined by many factors, including but not limited to the state of the economy, futures market, OTC (Over the Counter) market, world events and strength of other currencies. The troy ounce has been the standard measurement for precious metals since the 1800s in the US and much longer in other parts of the world. Silver prices, like the prices of other precious metals such as gold, are subject to volatile price swings. The prices of our silver products are determined by the current spot price of silver, in addition to our premiums for each product. The spot price of silver refers to the price per troy ounce traded on various Commodity Exchanges it is updated every second during market hours. Silver spot prices are extremely important in the buying and selling of precious metals. In addition, silver has only a finite supply, which is why the laws of supply and demand are a key factor in precious metals investments today. This is what makes silver and other precious metals so attractive. In other words, it is a hard and tangible asset. Unlike paper currency that is issued by governments and central banks, silver is backed up by the physical metal itself - and it can be transacted anywhere in the world. From the ancient Greeks, to the ancient Romans, to the British, silver has been part of currency trading for ages. It was first used as a form of currency all the way back in 700 B.C. Silver has been used in currencies for a very long time, as well. Silver and other precious metals, such as gold and platinum, are considered a store of value. In fact, it has been used for this purpose for over 5000 years now. Silver is not only used in modern industry, but is also bought and accumulated for investment purposes.