The stock market has been extremely volatile in 2020, plunging during the winter months but then bouncing back convincingly since March. However, one investment that's up considerably so far in the year is silver. In just the past few weeks, silver has jumped to its best levels in years. Many investors see even more upside for the low-priced precious metal.
Three are several different ways you can invest in silver. Not all of them share the same investing characteristics, and although they all tend to benefit when silver prices rise, the specific ways in which each prospers from climbing silver prices differ greatly. Below, we'll look at four different silver investments and offer some views on why some might make more sense for you than others.
For some investors, there's no alternative to owning actual physical silver. There are many online coin and bullion dealers that will sell you silver in quantities ranging from a single ounce to 1,000-ounce ingots. You can also visit local coin shops in person, as many of them also offer ways to buy and sell silver. There are many different silver coins in various weights, as well as bars of various sizes.