The 10 Best Places to Buy Silver – and Why You Should Invest – GOBankingRates | Candle Made Easy

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Tangible assets — like a house, art, or precious metals — are great for diversifying an investment portfolio beyond just buying stocks. Silver, for example, is a tangible asset with intrinsic value and no risk of default or counterparty. Although its price fluctuates depending on various factors, this coveted commodity is immune to today’s inflationary climate.

Read on to learn where is the best place to buy silver and why you should consider it.

Investing in Silver

Precious metals such as silver and gold have always been considered money. The US dollar even got its name from the term “Taler”, a silver coin produced at a mine in Joachimsthaler, Bohemia.

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Silver has all the qualities of a widely accepted medium of exchange, including:

  • durability
  • scarcity
  • fungibility
  • portability

Unlike printed currencies, the value of silver, gold and other precious metals is not dependent on global or local financial conditions. Instead, it is determined by other factors such as demand and availability. Investors should keep these aspects in mind to know what to expect when choosing the best place to buy silver.

Why invest in silver?

The ability of money to buy diminishes as prices rise in local and global economies. In times of financial instability and rising inflation rates, the value of currencies can fall sharply. This is where finding the best place to buy silver comes down to help investors protect their wealth.

As with everything else, the high demand for silver and other precious metals increases their prices. This gives silver owners an advantage over currency depreciation.

What makes silver so coveted?

Silver is a highly sought after mineral with numerous uses across multiple industries. The demand for this precious metal is closely linked to the many use cases in the following areas:

  • medicine
  • technology
  • manufacturing
  • Fashion

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Silver is a finite resource and its supply will decrease over time. Compared to gold, silver has much smaller inventories. As of 2021, global silver reserves were around 530,000 tons.

The combination of scarcity and high demand will almost inevitably result in a stronger silver market. However, investors must remember that the price of silver tends to fluctuate significantly and frequently.

What is the difference between investing in silver and gold?

When it comes to precious metals, silver and gold are the two options of choice for investors to store wealth. Aside from their price, there are three key differences between silver and gold that you should consider before investing.

Silver vs Gold

  1. Volatility: Gold is a more stable investment than silver. It tends to fall and rise less than silver in bull markets, making gold less volatile than its counterpart. Silver requires investors to keep a close eye on bull markets so they can sell right after a big rally.
  2. Deliver: Central banks tend to hold more gold than silver. That’s perhaps because gold has a stronger reputation as an alternative currency.
  3. Storage and transportation: Gold is denser than silver and is worth much more per ounce. A gold-filled safe or shipping box will be valued higher than a silver-filled one, even if they have exactly the same capacity.

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What is the best silver to buy right now?

Investors have several options for investing in silver. Besides buying silver coins and bars, they can also use their money by purchasing:

  • Silver Mini Stocks
  • Physically-backed ETFs
  • Synthetic products tied to the price of silver

However, physical silver is the only option with no counterparty risk. This tangible asset offers investors a safety net against some common financial risks associated with other types of investments.

What is the best way to start buying silver?

Silver bars are a good alternative for high volume silver traders. However, coins are the best way to invest in this precious metal as they are highly liquid and easily exchanged.

Is it better to buy silver online or in store?

According to Forbes, the best place to buy silver is online. Silver investors should find a dealer with a buy-and-store program to avoid physically owning their assets. This preventive measure protects your investment as the coins and bars you buy are kept safe in an approved vault.

Breaking the chain of custody could result in investors struggling to sell their silver in the future. Also, taking silver home can lead to nasty surprises if part of the stash is accidentally misplaced.

Whether investors are buying silver online or in store based on personal preference, it is imperative that they find a reputable seller. Additionally, comparing and contrasting options equips buyers with the right tools to make the best decision before purchasing.

The 10 best places to buy silver

What is the most trusted place to buy silver? Here are the top options for 2022:

  1. Silver Gold Bull
  2. Buy Gold and Silver Coins (BGASC)
  3. SD gold bars
  4. American Precious Metals Exchange (APMEX)
  5. GoldSilver, LLC
  7. Birch Gold Group
  8. JM gold bars
  9. Exchange for money metals
  10. Gold Eagle Coins

1. SilverGold Bull

This retailer allows investors to buy and sell silver bullion products and other precious metals online. It offers a wide range of silver coins at competitive prices.


  • It is in line with the prices of the competitors.
  • It offers free shipping on orders over $199.
  • It offers discounts on some payment methods.


  • There is a limited buy-and-store program that comes with additional costs.

2. Buy Gold and Silver Coins (BGASC)

This is one of the largest online bullion dealers in the United States. BGASC provides a safe place to conduct silver trading transactions.


  • Multiple payment methods are required.
  • It offers a 24/7 ordering service.


  • Orders must be over $5,000 in value to qualify for free shipping.
  • It is not shipped internationally.

3. SD bars

This seller claims to offer the lowest prices available. It’s so serious it’s even included in the slogan.


  • It has a buyback program with the highest guaranteed payout.
  • It sells accessories for silver storage, cleaning and more.


  • It only ships domestic orders.
  • Free shipping and insurance requires a minimum order of $199.

4. American Precious Metals Exchange (APMEX)

This e-commerce silver dealer has more than 20 years of experience in precious metals trading. It offers a trusted option for silver investors in the United States.


  • It has over 50 partnerships with other retailers worldwide.
  • It offers a solid loyalty program with handy bonuses.


  • It doesn’t have the most competitive prices.

5.GoldSilver, LLC

This global online retailer offers global investors access to a wide range of silver products. It has been in the market for over 15 years and has an extensive background in helping investors succeed.


  • It offers services in Spanish to non-English speakers.
  • It provides educational resources to customers.
  • It has an iOS and Android friendly app for its customers to track their investment values.


  • Minimum order value for free shipping is $499.


This online seller is aimed at experienced investors. However, it also offers its services to those who wish to dip their toes in the waters of silver e-trading.


  • It offers 24/7 ordering and fast delivery.
  • She proves the authenticity of her products with certificates.
  • It gives clients access to an investment guide.


  • Orders under $199 are not free shipping.
  • It doesn’t have a buy-and-store program advertised on its website.

7. Birch Gold Group

This is one of the leading silver and other precious metal dealers in the country. It empowers its customers with education on how buying silver can protect their finances and help them achieve their goals.


  • It offers new investors a free information pack.
  • It has tax guides for bullion investors.


  • It only offers physical delivery.

8. JM Gold Bars

For over a decade, this company has been one of the top rated online precious metals dealers in the US. It allows customers to buy silver, gold and more through a simple process.


  • It has a zero commission policy.
  • It offers a secure, TDS-compliant storage option.


  • It is not a listed US Mint dealer.

9. Metal purse

This silver trading company claims to offer some of the lowest prices on the market. Additionally, it prides itself on treating all of its customers equally, regardless of the size of their orders.


  • It offers loans against gold and silver.
  • It offers a gold-backed scholarship program for students to pay for college.


  • Some payment methods incur high transaction fees.

10. Golden Eagle Coins

This precious metal dealer has been active since 1974. He has seen the ups and downs of the American economy and has extensive silver trading experience.


  • It has the lowest free shipping minimum on the list.
  • No commissions are charged when ordering through the website.


  • Orders can take up to 14 business days to ship.

Final recording

Investing in physical silver is a great way to store wealth during economic uncertainty.

However, finding the right place to buy silver is necessary for a secure transaction at a competitive rate. The above options help investors make an informed choice.

Our in-house research team and on-site financial experts work together to create content that is accurate, impartial and timely. We verify every single statistic, quote, and fact against trusted primary sources to ensure the information we provide is accurate. Learn more about GOBankingRates’ processes and standards in our editorial policy.

About the author

Daniela Rivera is a bilingual freelance content creator with an advertising and media background. She has a degree in communications and over 10 years of professional experience as a copywriter. She specializes in engaging and creative concepts and copy for advertising, e-commerce, blogs, podcasts and social media.

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