Silver Bars

Buy Silver Bars

A silver bar is defined as a cast or minted silver item, regardless of shape, which is made by a recognized silver bar manufacturer (like Johnson Matthey silver bars or Engelhard silver bars). Silver bars are normally issued at a low premium above the prevailing value of their fine silver content.

The markings on bullion silver bars are mainly functional, recording the name of the manufacturer or issuer, the silver bar’s weight and silver purity, and a serial number of the bar.

The minimum or specified silver purity of bullion bars can range from 99% to 99.99%.

Although most silver bullion bars are rectangular, they are also manufactured in a variety of other shapes (square, round, oval etc).

Cast Silver Bullion Bars

Cast silver bars are normally produced directly from silver that has been melted. The traditional method is to cast (i.e. pour) silver, which has been melted in a crucible, into a mould with appropriate dimensions. A modern method, now widely used to manufacture a smaller cast silver bar, is to melt, in a furnace, a measured weight of silver granules or cut pieces of silver that have been placed in a mould with appropriate dimensions.

Minted Silver Bars

Silver Bars

Minted silver bullion bars are normally cut from a cast silver bar that has been rolled to a uniform thickness. Minted silver bars are also referred to as silver ingots, and in some countries as silver wafers.

Buying Silver Bars

An investment bullion silver bar have to be issued by a recognized bar manufacturer or issuer at a low premium above the prevailing value of its fine silver content.

Silver Bars Weights

Silver bars are normally classified into two categories by weight: a large silver bar weighs more than 1000 g, a small silver bar weighs 1000 g or less.

Although large silver bars are denominated in troy ounces and the international silver price is quoted in US dollars per troy ounce, there is a worldwide trend for small cast and minted silver bars to be denominated in grams.

Small silver bars are available in ranges from 0.3 to 1000 g or 1 to 20 ounces. Large silver bars are available in 400-oz, 100-oz, 50-oz, 2 kg, 3 kg, 5kg and 10 kg.

Silver Bars Purities

Silver Bars are manufactured in different millesimal silver fineness, most ranging between 995 and 999.9.