Bullion silver bars come mostly in a rectangular shape and are .999 pure or more. When investing in silver, There is no correct weight to purchase when it comes to silver bars although keep in mind smaller bars come with a higher premium because it is more cost-effective for mints to produce 100-ounce bars than 10-ounce bars. If you are an investor buying a large amount of silver for wealth preservation and asset diversification, larger bars are best for pricing advantages.
100oz Silver Bar Features:
100 Troy oz. of .999 pure silver (3.100 kg)
Variety of Hallmarks like Republic Metals, Matthey, Royal Canadian, and Academy
Cast or Minted
Stacks and stores easily
The most commonly traded bars are bullion. Silver bullion is available in various forms, all of which are worth the same by weight, and contain the exact same amount of silver. The difference is that some investors prefer certain shapes over others for handling and storage options. Bars of the same size and brand can stack easily, decreasing the amount of space needed for storage.
Hallmarks include NTR Metals, Academy, Johnson Matthey, Royal Canadian, Englehard and others. Fulfillment based on availability.
Industrial uses account annually for more than half of global demand for the precious metal compared to only 10%-15% of global demand for gold for industrial purposes. For this reason, the price of silver is more related to economic conditions than gold.
There are several characteristics that silver possesses like strength, malleability, and conductivity that make it a viable metal to be used for industrial purposes. Silver's conductivity is the highest for electricity and heat of any element.
Silver is used to solder and brazing alloys, batteries, dentistry, medicine, nuclear reactors, and water purification. The precious metal is prevalent in the high tech industry as well. RFID chips, photovoltaic energy, semiconductors, and touch screens all take advantage of the benefits of silver.
Silver is truly an indispensable metal. Silver has the most powerful antibacterial properties with the least toxicity to animals of all chemical elements. Some of the first Americans would put silver dollars in milk bottles to prevent dysentery, flu, and other health issues. In the 1920s, millions of prescriptions were written containing silver. Silver biocides are prevalent in hospital operating rooms.