One great source of investment which has inspired people for many centuries is silver. Mankind has been using coins made of gold and silver from time immemorial. When compared to precious metals like gold and precious stones like diamond the price of silver is considerably less. But there is a steady increase in the prices of silver objects, coins and bullions in the last decade. Silver has become an affordable investment for many people who do not have enough money to invest in gold.

The sharp increase in prices of silver has grabbed many people’s interest. So many people are coming forward to invest in silver nowadays realizing the abundant opportunities available in this field. People invest in silver in many unique ways. Here are some alternate ways of silver investments followed throughout the world. In US the price of silver can be paid and traded in the form of silver options and silver futures through various exchanges like Commodity Exchange (COMEX) and New York Mercantile Exchange (NYMEX). There is no necessity to involve physical silver at all.

The owner just pays the price of silver and owns the documents proving he has control for certain units for silver which could be traded further in the same exchanges. The problem of markup values, keeping the silver safely and other insurance issues are all eliminated in such kind of trades.

Buying of silver bullions or coins is a usual practice in many countries. But in some places like Switzerland, bullions can be bought in bank counters just like we get them from shops and sold immediately in th e same counters for current prices of silver. All the major banks in Switzerland allow their customers to start a silver account. Customers can deposit and withdraw silver just like foreign currency. They can trade it instantly at their wish too. Some exchanges like GoldMoney and BullionVault provide silver to gold. You can give gold in any format to them and get silver for the same value instead of money.

Up until late 60’s silver certificates were in use in US. This practice started in the beginning of 19th century when paper dollars came into use widely. People paid money to get these certificates, which could be transformed to silver dollars any time they want. Silver investing is much diversified now with options to invest in Spread betting, Contract for difference (CFD) and ETF’s.

Looking to know more about the price of silver and the prices of silver ? Check out our website, priceofsilver.org