Purchasing silver bars for your portfolio is probably one of the most inexpensive ways to buy physical silver bullion. Silver bars are made in many weights and sizes, from as small as 1 gram to as large as 1,000 troy ounces. Below we have made a list with the most popular brands which mint silver bars. These bars can be purchased cheaply online from many bullion dealers. You can click the “View Prices” button to compare dealer prices for each brand.
Silver Bullion Price Comparison
OPM Silver Bars – Minted by one of the largest producers of precious metals in the USA, OPM silver bars are a low cost option when it comes to physical silver. Available for usually only a dollar or two over spot price per ounce, the OPM silver bar is favored by investors for its straightforward design and low price per ounce. Available in the 1oz, 10oz and 100oz.
SilverTowne Silver Bars – SilverTowne produces probably the widest selections of silver bar designs, while they are most commonly found in 1 oz, 5 oz and 10 oz sizes. Their magnificent designs carry slightly higher premiums than bars minted by other companies, but their appearance and designs are unmatched in the industry.
Sunshine Silver Bars – The Sunshine Mint is a full fledged precious metals minting company. Supplying a number of governments with gold & silver blanks for their coins, their reputation in the industry is one of the best. They offer some of the finest quality silver bars in 1 oz and 10 oz sizes which are very competitively priced.
NTR Metals Silver Bars – Minted by one of the largest refining companies in the world, silver bars made by NTR Metals are priced very low compared to other brands. Often available for under $2 per ounce over spot NTR silver bars are a popular choice for physical silver purchases. Available in sizes of 10 oz and 100 oz.
Geiger Security Line Silver Bars – Geiger Edelmetalle is Germany’s oldest silver trading house and was established over 700 years ago. They produce the popular Security Line Silver Bars which boast some of the most advanced security features of any silver bullion product currently on the market.
Engelhard Silver Bars – Engelhard silver bars are arguably the most collectible brand when it comes to bullion. The company, which stopped making silver bars years ago, is among the oldest silver bar manufacturers in the world and produced several variations of silver bullion over the past 100 years.
PAMP Suisse Silver Bars – PAMP Suisse silver bars are regarded by most as being real top of the line pieces of bullion. Unlike most other silver bars, PAMP minted bars come sealed in assay cards stating each bars purity, weight, and unique serial number. Each bar contains the Fortuna design; a hallmark of the PAMP Suisse company.
Johnson Matthey Silver Bars – Johnson Matthey is a precious metals refiner and mint which has been around for over 200 year. Since they were created they have established a top notch name for themselves. They still produce high quality 1 and 100 oz silver bars.
Silver Bars Selection & Prices
Silver bars have become one of the most preferred ways to own physical silver bullion. Their shape makes them easy to stack and their compact size enables them to be stored securely in home safes, safety deposit boxes, or other secure locations. A wide number of companies, including mints and refineries produce silver bars in a plethora of sizes and designs giving the investor a large selection to choose from. Depending on the brand, size and design of the silver bar, it can usually be purchased for only a dollar or two over the current price of silver (and sometimes even lower).
Silver Bar Sizes & Purity
Of all the forms of physical silver, the bullion bar is probably available in the most wide range of shapes and sizes. Bars are produced in weights anywhere from the tiny 1 gram variation to 1,000 troy ounce silver bricks with many odd weights in between. The general standard purity for a silver bar is .999 or 99.9% fine silver. While this is the case for most, some mints produce bars in as high as .9999 or 99.99% purity. Either way, the bar should be stamped with its weight and purity and the dealer who is selling the bar should indicate the purity of the silver you are buying in the product details section.
Though there are an endless number of size options available to investors, silver bars are most commonly found in the following sizes:
- 1 troy ounce
- 5 troy ounce
- 10 troy ounce
- 1 kilogram
- 50 troy ounce
- 100 troy ounce
Brands That Mint Silver Bullion Bars
When buying silver bars there are a ton of brands and mints to choose from. Though this is the case, it seems investors tend to prefer only a select number of these brands. The brand you decide to purchase can often play a key role in your investment and affect the premium you pay per ounce over spot price. Buying a brand that is well known by other investors also increases its liquidity which can be another advantage. Below is a list of popular brands who produce silver bars.
Availability & Where To Buy Silver Bars
Since such a wide number of mints and refineries produce silver bars world wide on a daily or weekly basis, silver bars are commonly available for sale on the open market. You can usually buy silver bars online from silver bullion dealers at low prices over spot price. For a full list of online silver bar dealers you can check out our gold bullion dealer reviews page or do a simple google search.
How To Buy Silver Bars
Buying silver bars, and other forms of silver bullion for that matter, is fairly straightforward. Like most other forms of online shopping, you simply need to choose a website or dealer to purchase the bullion from. After you have chosen a reliable dealer, you simply need to visit their website and select the items you wish to purchase by adding them to your virtual shopping cart.
Once you have added your desired bullion products to your shopping cart, you will have to select a method of payment and pay for your purchase. Many dealers take all popular forms of payment including credit cards, debit cards, checks, bank wires, money orders and even PayPal. After your funds have cleared into the dealers bank account, they will then ship you the metals directly to you and often provide you with a tracking number for the package.
Buying Silver Bars Online
Since the end goal in most investors minds is to get the lowest cost per ounce of metal, and in turn maximize their potential ROI, most opt to buy their silver bars online. By buying online, you can often gain access to a larger selection of inventory and larger quantities compared to local coin shops. Many dealers also offer even greater price breaks when buying in larger quantities. These price breaks are referred to as “bulk discounts” or “quantity discounts” and are available on some bars at quantities of as low as 19 or 20.