Investing in silver is an excellent way to diversify your portfolio and protect your assets from the volatility of the stock market. With so many options available, it can be difficult to decide which silver investments are best for you. To help you make an informed decision, we've compiled a list of the five best silver investments for your portfolio.
1.Canadian Silver Maple Leaf CoinThe Canadian Silver Maple Leaf coin is one of the most popular silver investments on the market. It is composed of 99.99% pure silver and is worth five Canadian dollars.
The coin also features additional security features, making it a safer investment than other silver coins. The newest Silver Maple Leaf coins are available with MintShield, a patented transparent surface protector that significantly reduces the appearance of white spots on silver ingots.
2.American Silver EagleThe American Silver Eagle is the official silver currency of the United States Mint and can be included in a gold IRA. First issued in 1986, it is only offered in a one-ounce version, although there is also a 500-ounce version available. The American Silver Eagle is the world's best-selling silver coin and is undoubtedly the most popular American silver coin to invest in.3.Austrian Silver PhilharmonicThe Austrian Silver Philharmonic is a rare coin that surpasses the Canadian Silver Maple Leaf in terms of beauty.
It is composed of 99.99% pure silver and has a face value of 1.5 euros. This coin cannot be invested in a gold IRA, but it is a large collector's item that could be sold for a higher value.
4.Morgan Silver DollarMorgan Silver Dollars were minted from 1837 to 1964 and were composed of 90% silver and 10% copper. Although many Morgan Silver Dollars have huge numismatic premiums, the lowest quality coins from the years in which many were minted can be purchased at a slightly higher price than the spot price of silver.
5.Half Ounce Silver RingsHalf ounce silver rings are an affordable way to invest in silver and make great gifts as well. They can also be used as tips in restaurants to help spread the silver virus.
Two half-ounce silver cartridges are always more valuable than one full ounce silver cartridge, all other things being equal.