1 oz silver bars are rectangular ingots used by corporations and individuals as a method of storing wealth. They are manufactured by a number of government-operated and privately-owned mints, and typically contain .999 fine silver. Their compact size and low production costs make them one of the most affordable silver products available today.
Investing In Silver
Various societies have utilized silver as a means of exchange for thousands of years. Although major developed nations now use paper money as their primary currency, silver is still highly valued for many reasons. Not only does it have countless industrial applications, but many investors use it as a safeguard against economic turbulence.
Since the value of precious metals typically have an inverse relationship with the value of the dollar, silver has been included in many investors' portfolios as a hedge against inflation. As a tangible asset with intrinsic value, silver is often seen as a more reliable store of wealth than fiat currency, which is essentially just a government-backed IOU.
For those investing in precious metals, these are a popular option because they are more affordable than their gold and silver counterparts. Additionally, you will not pay a large premium on them because they lack numismatic value (i.e. collector appeal). Rather, they are sold and traded at close to the spot price, which is based on the price for one troy ounce of silver. For more about investing, follow the link herein.