Last Updated on August 18, 2021 by Editor Team
Unlike other monetary assets, holding precious metals in their physical form does not subject you to third-party liability. Especially in times of crisis, such an investment serves as a wealth preservation mode. Of late, silver has outperformed gold, with investment demand being the key driver.
Silver also sees demand for industrial purposes with its expanding applications. In the first quarter of 2021, the plunging prices in precious metals resulted in Australian bullion sales rising. Investing through experienced traders assures you of the best rates.
For centuries, silver has been a reliable wealth asset as the metal is recognized and traded globally. Silver provides investors with a comfort factor, given there is no counterparty risk involved. Industrial demand, monetary policies, interest rates, and inflation dictate its pricing.
Recent Silver Bullion Sales Trends
To purchase silver bullions bars and coins, you pay per ounce as per the prevailing AUD price of this metal. White metal provides a more affordable alternative to expensive gold. Moreover, physical silver remains unaffected by cybercrime and other hacking techniques.
Although silver bullion sales ended low in 2020, the total sales were the highest since 2013 and an almost 45% jump from 2019. The early second quarter of 2020 witnessed an all-time high of silver bullion sold. Strong sales figures at the beginning of 2021 reveal a significant increase in average monthly silver retailing.
Why Invest In Silver Bullion?
Silver preserves your wealth by providing a safety net in times of uncertainty. Specialists in this field not only help you invest but also provide facilities to store your silver bullion securely.
Investing in silver bullion is beneficial for the listed reasons:
Finite Tangible Asset
Physical silver is also vulnerable to market fluctuations yet, its inherent value rules out the likelihood of a complete crash. When the prices are low, buying silver bullion safeguards you from an inevitable collapse of the money system built on sustainable debt.
Cheaper Than Gold
The white metal is less expensive and more accessible than gold bullion. What makes silver bullion more practical is that silver’s versatility works to your advantage when spending it. Being lower in value, physical silver can be broken easily but not a gold coin.
Offers Higher Returns
Considering you can buy silver bullion at a more affordable rate than gold, the percentage gain should silver prices also rise higher. A silver bullion purchase not only strengthens your investment portfolio but also allows you to hedge your bets.
Recognized As a Stable Metal
Throughout history, silver has been recognized as a precious metal of value. Whichever form of stable silver bullion you invest in, you can be sure that its value will continue to persist.
As a monetary metal, silver responds well to fiscal unrestraint. Recent trends position silver bullion as a strong asset worth owning. The demand for this precious metal is growing within Australia for sure.
Lay your hands on valuable and authentic silver bullion by approaching a professionally renowned and trusted precious metal provider. You can only expect expert advice from a trader with strong values and work ethics.