Win / GreatAwakening
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There are a few options for getting into the silver market. There is physical purchases from reputable dealers. There is buying a silver ETF which gives you exposure to the silver price, but you don't physically own it. There are futures contracts for larger amounts that can either be settled for cash or physical delivery(take delivery). Jewelry manufacturers and bullion dealers are the types that typically take delivery. The futures market trades in large quantities of silver (5000 ounce contracts) so is not usually the way retail investors go, but if you have the money and are investing long-term, taking delivery on a futures contract is a good way to keep the silver market honest. If you are just getting started, small physical purchases are probably the way to go, but I can't give you any advice since I don't know your personal situation and risk tolerance. For someone just looking to make a short-term trade, the ETFs are an option, though I personally don't like them because electronic markets can be more easily manipulated.

3 years ago
3 score
Reason: Original

There are a few options for getting into the silver market. There is physical purchases from reputable dealers. There is buying a silver ETF which gives you exposure to the silver price, but you don't physically own it. There are futures contracts for larger amounts that can either be settled for cash or physical delivery(take delivery). Jewelry manufacturers and bullion dealers are the types that typically take delivery. The futures market trades in large quantities of silver (5000 ounce contracts) so is not usually the way retail investors go, but if you have the money and are investing long-term, taking delivery on a futures contract is a good way to keep the silver market honest. If you are just getting started, small physical purchases are probably the way to go, but I can't give you any advise since I don't know your personal situation and risk tolerance. For someone just looking to make a short-term trade, the ETFs are an option, though I personally don't like them because electronic markets can be more easily manipulated.

3 years ago
1 score