What Is Ingot Silver?

Purpose

Silver ingots are mainly used as a store of value for silver as a commodity, for instance, an investor interested in silver might buy several ingots with the intent to sell them at a future date.

Types

Although ingots typically refer to metal bars, the term sometimes represents rounds or coinage, more often, rounds and coinage are referred to as coins or bullion.

Size

The size of silver ingots can vary significantly, one might weigh only a few ounces, whereas large bars can weigh 1,000 oz. or more.

Benefits

Ingots are beneficial in that they are often formed into weights, which allows for easy counting of large amounts of precious metal.

Considerations References More Like This

How to Cast Silver Ingots

How to Buy and Sell Gold Ingots

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