|5 and more||$1,673.79||$1,743.59|
These 100 oz silver bar are from Sunshine Minting, Inc. (SMI), headquarted in Coeur dâ€™Alene, Idaho. SMI was founded in 1979 and has redefined global standards in the precious metals industry. SMI has a track record of quality and innovation and is seen as an industry leader. SMI has exclusive security features on their bullion products that helps protect investors against counterfeit bars. Mint Mark SI is exclusive to all SMI brand bullion products. The Scrambled Indicia is a micro-engraving that is only visible by using the Mint Mark SI decoding lens on top of the security pad.
State of art equipment is used throughout the minting process. In addition, SMI uses precision laboratory equipment to ensure the quality and purity of all silver bars. SMI is committed to providing quality products and is ISO 9001 certified.
Bullion silver bars come mostly in a rectangular shape and are composed of .995 and higher purity silver. Silver bars typically sell just above the current spot price of silver.
The best size of silver bar to purchase is up to the individual investor but it is important to understand that the smaller the bar the higher premium above spot price that is paid per oz. The higher premium is because it is more cost-effective to produce 100 oz bars than 10 oz bars. For investors looking to preserve wealth and asset diversification, the larger bars would be the best option.
The most common 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.
The most used precious metal for industrial purposes is silver. Compared to only 10%-15% of gold, silver is responsible for over 50% of global industrial demand. The high industrial demand of silver makes the precious metal closely tied to economic conditions.
Silver is a very strong, highly malleable, and extremely conductive metal that makes it applicable across many industrial applications. The conductivity of silver for heat and electricity is actually the highest of all elements.
The industrial uses for silver include soldering and brazing alloys, water purification, nuclear reactors, dental and medicine, and batteries. High tech industry also makes ample use of silver including RFID chips, semiconductors, touch screens, and photovoltaic energy. The multitude of uses make silver an indispensable metal.
Silver is used in medicine because it has the strongest antibacterial properties and the least toxic to animals of all chemical elements. Early Americans would use silver dollars in milk bottles to prevent certain diseases like the flu and dysentery. Silver is common in hospital operating rooms and in the 1920s medicines containing silver were prescribed millions of times.
|Mint/Refinery||Sunshine Minting, Inc.|