The Original Way To Store Wealth
Silver was first mined 5000 years ago, in Anatolia, some 2000 years before the first coins. Since ancient times, silver bars have been used to store personal and national wealth.
Today, silver bars are still used as a cost-effective way to preserve wealth, hedge against inflation and protect oneself from economic uncertainty. Silver bars typically carry lower premiums than coins, with larger bars often having even lower premiums than smaller bars. Many government and private mints produce .999 fine (99.9% pure) silver bars which are eligible for inclusion in self-directed IRA accounts.
Common silver bar sizes are 1 oz, 5 oz, 10 oz, 1 kilo, and 100 ounces. New silver bullion bars in 10 oz sizes and smaller usually come in the original mint clear plastic covering. The 10 oz bars are very popular, as their size (about the size of a smartphone) and low premiums make them easy to store and easy to buy.