Silver bars are a classic way to invest in silver, and in countries such as Switzerland, they can be purchased or sold directly over the counter at banks. These bars are available in a variety of sizes which can be as high as 1000 troy oz, which is about 69 pounds. Silver bars are also available in 100 troy oz, which is approximately 7 pounds. Retail bars which feature odd weights typically cost less and provide a greater spread, but because of the additional work needed to calculate their value, they can be tedious to trade.
Top Reasons Why Silver Bars are Popular
One of the reasons why silver bars are popular is due to their shape. The rectangular shape featured in these bars makes them well suited to long term storage in a safe deposit box or safe, along with either unallocated or allocated storage. Silver bars will be traded with the code XAG on the spot market, and when sold for USD, they will feature the XAGUSD code.
Why You Should Buy Silver Bars from LPM
Precious metals are purchased for a variety of reasons. Some people desire them for protection against financial uncertainty, while others prefer them for aesthetic or collection purposes. Regardless of your reasons for purchasing precious metals, LPM will cater to all your needs. We are highly regarded in Asia and have been in the precious metals business for more than seven years. During this time, we’ve built a reputation for excellent products and have built partnerships with many international mints. What's more, you will love the industry leading live pricing that we feature on our website so that you can always purchase silver bars at an advantageous pricing!