How To Invest In Silver In 2023: 5 Ways For Silver Investing

Let's review one of the top IRA companies to work with: 

Colin's Top Pick

Augusta Precious Metals Logo

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Augusta Precious Metals

  • Transparent Pricing
  • Free Educational Resources
  • Gold And Silver For Your Self Directed IRA
  • Zero fees for up to 10 years
  • A+ BBB Rating, AAA Rating from Business Consumer Alliance



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Updated On: November 22, 2022

Are you looking forward to investing in silver for the next decade or two? If yes, then you should read through this article carefully.

Silver has long been considered a haven investment because its price is relatively stable. Also, unlike gold, the demand for silver increases over time due to its widespread usage in industrial applications.

invest in silver

Although some analysts believe that silver prices will fall in the future, there is a high chance that they will increase steadily in the years ahead. This is because investors have become focused on investments that offer higher returns, especially in times of economic uncertainty. Silver is also seen as a hedge against inflation.

My name is Colin, and I've reviewed different types of precious metal investments here on my website. Today, I will share with you how to invest in silver for the next 10-20 years.

TL;DR: Here Are The Top Options

  • Hold Physical Silver
  • Silver IRAs
  • Silver Company Stocks
  • Silver Futures Contracts

Here Is How You Can Invest In Silver

Before moving forward, any investment in silver should continuously be researched further. Many factors determine whether buying silver coins or bars is a good idea.

The first thing you need to know about buying silver is that it can be done either directly from the mints or indirectly through dealers.

Here are a few different ways you can get possession of silver.

1. Purchasing Silver Directly

So whether you are in a hurry or a type of investor who wants physical silver, you can purchase this precious metal directly.

This can be done through private dealers, coin shops, and investors. But with inflation rates and scams, you need to be careful who you buy your silver from. I recommend going through a referral or a trustworthy friend who bought silver from dealers.

Physical Silver

 With rising silver prices, you'll need to double-check your numbers and review market price trends carefully before making a purchase.

So, here are the type of physical assets you can purchase:


One of the most popular ways to invest in physical silver is by buying silver coins. You can buy coins from different companies or IRS-approved dealers, such as Canadian Maple Leafs or American Silver Eagles.

Coin dealers typically give you a reasonable price, and interest rates are terrible. They also handle all of the paperwork and can guarantee authenticity and quality.


Owning silver bars and other precious metals is another popular way to invest in physical silver. The benefit of buying silver bars is that they are cheaper per ounce than coins, meaning you'll get more metal for your money.


With Silver bullion, you can buy this metal in the form of bars and coins, as well as other types of bullion such as rounds or ingots.

Remember that compared to buying silver coins, you need to consider additional fees and taxes when buying physical silver bullion.

2. Investing In A Silver IRA

Many people are familiar with the benefits of gold, but silver is often overlooked as an investment opportunity.

However, silver can offer many of the same benefits as gold, including serving as an inflation hedge and providing a way to diversify one's portfolio. In addition, the silver market is much less crowded than the gold market, giving investors more opportunities to find undervalued assets.

For these reasons, investing in a silver IRA can be a wise decision for anyone looking to add precious metals to their portfolio.

Here are the best companies for silver investing.

#1st Rated

Augusta Precious Metals Logo

This is Colin's top pick when investing in silver, gold, or other precious metals. This gold and silver ira has been around long enough to show trust and experience for its buyers.

  • Zero fees for up to 10 years
  • A+ BBB Rating, AAA Rating from Business Consumer Alliance
  • Quarterback Joe Montana and his financial team chose Augusta over others
  • Zero complaints with The Better Business Bureau

#2nd Rated


Goldco box logo

This is Colin's runner-up choice as it provides many resources and tools for investing in precious metals such as silver. Goldco does not play around when it comes to customer satisfaction and helping you establish financial security.

#3rd Rated

Birch Gold Group

birchgold logo

This is Colin's alternative pick for silver products, as it shows excellent user feedback and solid reviews. This is my alternative choice if you need to invest in a silver retirement account.

3. Buy Shares In Silver Mining Companies

You can invest in silver mining stocks to gain exposure to the silver market. This can be a good option if you want to take on more risk in exchange for potentially higher returns. However, try to ensure you stay up to date with the price of silver, as it requires careful research and due diligence to ensure that you choose reputable companies with solid management teams.

Silver miners are also subject to several other risks, including geopolitical and regulatory factors that can affect the price of silver.

4. Silver Futures

While owning futures contracts can be risky, you can also use them for owning physical silver without the headaches. Futures contracts allow you to buy or sell an asset at a specific price and time and invest in silver without needing to own physical assets.

So as silver rises in price or lowers with the market, you'll be able to lock in a specific rate.

5. Silver ETFs

Buying silver ETFs can be another great way to invest in silver. These funds are traded on major exchanges and offer investors a convenient way to gain exposure to silver content. Buying silver ETFs is a convenient way to hold silver without having to own or store physical silver bullion. And because silver ETFs are traded on the stock market, they offer investors the opportunity to make money from rising silver prices. 

When Is A Good Time To Invest In Silver?

There are a few factors to consider when deciding to buy silver. First, it's essential to look at the silver companies themselves. Are they doing well financially? Are they likely to continue to prosper? This will give you an idea of how silver prices may fluctuate.

Side note:

You can review the silver price spot on

It's also important to take a look at the overall market. Is there currently a high demand for silver? Are silver prices on the rise? If so, now may be a good time to invest. However, if silver prices are already high, you may want to wait for them to stabilize before buying.

 Ultimately, the best time to invest in silver is when you feel comfortable with the risks and are confident in choosing reputable silver companies. By researching and staying up-to-date on market trends, you can make informed decisions about when to buy silver and maximize your chances for success.

Why Is Silver A Good Investment?

Silver has long been prized for its beauty and usefulness, but in recent years it has also become a popular investment.

There are many reasons why silver is a good investment. Still, three of the most important things are: adding silver can help diversify your portfolio, silver stocks tend to be less volatile than other stocks, and owning physical silver can provide a hedge against inflation. Adding silver to your portfolio can reduce your overall risk while still enjoying the growth potential.

Silver is a safe asset

Silver stocks have historically been less prone to sudden swings than other types of stocks, making them a more stable investment. Finally, if inflation does occur, owning physical silver can help to protect your purchasing power. For these reasons, silver is an excellent choice for adding to your investment portfolio.

How To Store Silver After Purchasing

After making the smart decision to invest in physical silver, you need to know how to store it so that it is kept safe properly. One option is to keep it in a safety deposit box at your local bank.

This is a good option if you do not plan on adding to your collection or do not need quick access to your silver. Another option is to store it at home if you own physical silver and want easy access or frequently add it to your collection. When storing silver at home, invest in a fireproof and waterproof safe to keep it in.

You should also have a backup safety deposit box or storage location in an emergency. Tangible physical assets like silver have intrinsic value and are a good hedge against inflation, so proper storage is essential. With careful planning, you can ensure that your silver will be well-protected and ready to provide financial security for years to come.


Now you know how to get your hands on actual silver, you can add this physical commodity to your many other investments.

Whether you buy ETFs or IRAs or want to buy and sell silver, many options are available to help you capitalize on this precious metal. Start by researching reputable companies and thinking carefully about the timing of your investment.

Silver investors need to be able to evaluate risk and take a long-term view of the market. With these tips, you can make well-informed decisions when investing in silver. Good luck!

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About the Author

Colin Shipp is a marketer who has been working remotely full-time since 2015. He specializes in growth marketing, content marketing, online courses, and remote work. On he writes about strategies he is using in his own life.