The Silver Bars listed here have the lowest silver price per ounce premium over silver spot price per ounce. These are the best silver prices offered by major online bullion dealers with the lowest silver premium.
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The premiums that are included in the cost of silver bars are typically much lower than those of coins because most are manufactured by private mints with lower overhead costs. Government minted silver bars are available and command a higher premium in the marketplace for a variety of reasons.
Silver bars, sometimes called ingots, share many of the same characteristics as silver rounds. Private mints produce many bellwether designs such as the Buffalo and Morgan Silver bars. Generic silver bars are one of the top precious metals investments because they have the lowest premiums. Some private mint silver bars have been produced with the same design for decades, others are drawing in investors with fresh new designs.
Minted and poured silver silver bars are made in an array of sizes or weights that are suitable as a store of value and wealth. The diversity of weight denominations and private mints can be overwhelming for new investors. Most investors choose a size that is comfortable for their budget and then make purchases at regular intervals.
A variety of private mints produce 5 silver bars. They make an excellent choice for investors as a gateway to stacking silver. This size bar often carries a lower price per ounce because buying silver in bulk offers greater opportunities for lower premiums.
Variety methods are used in manufacturing 5 oz silver bars. A few popular private mints continue to mint traditional style die-pressed silver bars with generic designs. Others are expanding the variety of options available in the market with cast or poured 5 oz silver bars. Although often unique in appearance, these bars are fairly uniform in size and shape and can be easy to stack at the back of the safe.
Online bullion dealers will periodically offer investors the opportunity to buy a silver bar at spot price without any ,markup or dealer premium. This includes the opportunity to buy one 5 oz silver bar at spot price offered from SD Bullion for new customers. Check out our spot price deals page to find details on this and other spot price deals that are available.
Five ounce silver bars come in various shape and some may be thicker or thinner than others. They can be easily stored at home alongside other valuables.
Some people like to have each of their silver bars in a Direct Fit Air-Tite Capsule designed specifically for the size and shape of these bar. These air-tite capsules are designed to protect the silver bar from exposure to fingerprints from handling and elements in the air that may cause tarnish. In general, bullion precious metals do not require special handling or storage.
Based on today's silver spot price, each 5 oz silver bar has a melt value of $154.85.