The use of silver as an industrial metal in many. Monex offers a variety of these investments in high-quality silver in units of 100 coins, including one-ounce pure ingot coins produced by the United States Mint, the Royal Canadian Mint and the Austrian Mint. In addition to recycling operations, inventory replenished for industrial use and investment in silver comes from primary mines, as a by-product of lead, zinc and other mining activities. Since each investment is unique, call an account representative to find out how much you'll pay to store silver.
And according to investment advisors, the growth of electric vehicles is expected to be so high that the Instituto de la Plata estimates that automotive demand will become the second largest source of industrial demand for silver. Silver has always been used to make a variety of items, from jewelry and batteries to microcircuits and medical equipment, but its increasing importance as a fundamental metal in solar energy production and in the assembly of electric vehicles (EVs) can have a significant effect on their performance and future prospects. Like gold, silver has often been considered a safe haven for investments in times of uncertainty, as well as a traditional hedge against inflation, but it may now be having its own “golden moment” as industrial demand for this precious metal increases. As Mike Maloney says in his best-selling book, A Guide to Investing in Gold and Silver, “Gold and silver have appreciated over the centuries and have used the fiduciary role to make them accountable for themselves.
Silver maintains its value over the long term and does well when interest rates are low and fixed-income investments don't generate much profit. Therefore, investing in silver can be a way of betting on technological advances and the clean energy movement. Investors can buy silver directly in bullion or indirectly through an exchange-traded fund, such as the Sprott Physical Silver Trust. While gold and silver bars may be attractive to investors, the white metal tends to be overlooked in favor of people who invest in gold, even though it plays the same role.
Mining stocks, especially silver stocks that pay dividends, may also be a better option than silver ingots for some investors. According to silver industry analysts at the CPM Group, investors have chosen to buy silver in recent years because it has helped protect people's wealth from the volatile ups and downs of the stock, bond and currency markets. Once you have decided how many silver ingots or coins you want to buy, your Monex account representative will help you execute your order over the phone and your purchase and price will be confirmed on a recorded line after your confirmation.