Why Buy Silver
Why Buy Silver
Silvers demand is driven by two main factors. Firstly, silver is attractive because of its rich history as a monetary instrument. Throughout time, silver coins were used for daily purchases of smaller value. Secondly, silver's use in industry also drives its demand. Its industrial consumption and thus price are affected by particular industries that require silver in stages of production.
The desire to buy silver has risen exponentially in the past several years where, during recent volatile economic times, demand has outstripped the ability for the recognized world mints and refineries to keep up with huge volume orders. To a lot of investors silver is a precious metal that is a lot more accessible in terms of price than gold; moreover, silver certainly has the potential to pass gold on percentage price increase in the years to come.
Silver, in recognized 100 ounce bar form, has at times been scarce, but the Royal Canadian Mint last summer started producing a new and very popular 100 ounce silver bar. However, the most popular way to buy silver has been the Royal Canadian Mint Silver Maple Leaf coin. Also in high demand have been 10 ounce silver bars. See all of our silver bullion products here.
The aforementioned forms of silver should also be seriously considered in the precious metal mix in your portfolio. Ready to invest in silver? Contact us today!