Best Places to Buy Silver Online

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Contributor, Benzinga
October 16, 2024

Before you consider buying bars or bullion and searching for the best silver stocks, looking into reputable dealers is a good idea. The best places to buy silver online will offer a range of benefits to help you make informed decisions and enter the market with peace of mind. 

Here are a few options to consider and what makes them ideal for different needs and preferences.

Quick Look: Best Places to Buy Silver Online

1. Best for Easy Entry: American Hartford Gold

American Hartford Gold (AHG) makes it easy to start investing in precious metals. It offers free consultations to kick off your journey and attractive options like rollover support for traditional IRAs, Roth IRAs and thrift savings, along with 401(k), 403(b) and 457 plans.

They also waive or reduce account fees for investors with larger opening deposits and don’t charge liquidation fees when repurchasing metals. Most appealing to those interested in silver is that qualifying investors may receive up to $10,000 of free silver.

Why We Love It: With fees waived and free consultations, AHG is ideal for anyone looking to get started with silver investing. The company has strong customer satisfaction, with high ratings from the Better Business Bureau (A+), Trustpilot, and Consumer Affairs. It also offers a price-match guarantee and a buyback commitment, meaning they will repurchase your silver when you're ready to sell, ensuring liquidity.

2. Best for Transparency: Advantage Gold

Making informed decisions is an important part of any investment. Advantage Gold paves the way with transparent and competitive pricing, no hidden fees or commissions and products offered at current market values, so you enjoy the best prices. 

Direct sales of silver products exclude the middleman and the website offers comprehensive information so you always feel comfortable with your investment choices.

Why We Love It: If you’re the type to conduct extensive research, you’ll have no trouble making informed decisions with Advantage Gold. It offers secure storage options through trusted depositories, ensuring your investment's safety. Advantage Gold has earned high ratings for customer satisfaction and reliability, including an A+ rating from the Better Business Bureau​.

3. Best for Security: Priority Gold

Security is an important consideration, whether you prefer to invest in stocks or tangible assets. Priority Gold provides IRS-approved vaults for silver storage with three free years for eligible accounts.

You’ll also enjoy insured and expedited shipping, a zero-fee buyback and a price protection guarantee. Priority Gold offers educational resources with frequent updates on its platforms.

Why We Love It: Priority Gold is a reputable place to buy silver due to its wide selection of IRA-approved silver products, competitive pricing, excellent customer service, secure storage options, and strong customer reviews from platforms like the Better Business Bureau and Trustpilot​.

4. Best for Convenience: American Precious Metals Exchange (APMEX)

  • APMEX
    Best For:
    Investing in Collectible Coins and Gold
    VIEW PROS & CONS:
    securely through APMEX's website

APMEX makes it easy to choose precious metals to invest in, including various forms of silver bullion. It is an authorized purchaser from the U.S. Mint. The company also has partnerships with 18 other mints worldwide, increasing investor access.

Clients enjoy a QuickShip program that guarantees eligible orders can be processed in one business day. You’ll also appreciate the price match guarantee with key online competitors for all in-stock products.

Why We Love It: There’s a lot to be said for the convenience of finding everything in one place, from an expansive selection to quick shipping and price matching.

5. Best for Quality Selection: JM Bullion

In addition to offering a wide selection of different metals, JM Bullion has an exceptional inventory of physical silver, including bullion, rounds and a full range of bars weighing from as little as one gram up to five kilograms. 

With award-winning customer service and remarkable transparency, this company is considered among the best overall, especially regarding quality selection.

Why We Love It: The ready availability of quality silver types at different volumes and price points appeals to many investors.

6. Best for Flexibility: Money Metals Exchange

Money Metals Exchange is renowned for exceptional flexibility in payment methods, product selection and pricing. Investors will enjoy lower minimum purchases designed to entice those with smaller budgets and transparent buy/sell prices make it easy to conduct informed purchases.

Why We Love It: The opportunity to customize attracts clients who might not otherwise dip their toes in this investment option.

What to Look for in Online Silver Deals

The industrial demand for silver, along with a lower price point than gold, has made it a historically popular choice for long-term investment, but you still need to take care when researching the best places to buy silver online.

Reputation

Finding reliable sources for silver purchases is critical when working with online dealers and minimizing the risks of fraud. Start by verifying a physical address, customer support contact and website/dealer longevity. 

From there, check platforms like TrustPilot, the Better Business Bureau and ShopperApproved for user reviews that can help you make an informed decision.

Products Offered

Although not every silver retailer will offer every product, you have several options to explore, including tangible assets like bullion, bars and coins and liquid assets like stocks, mutual funds and futures. You could buy shares in silver mining companies or IRAs.

You should also consider services like storage, shipping and display accessories. Shop for competitive advantages like reduced or zero fees, speedy or free shipping and even free silver.

Industry Accreditation

Companies in the silver trade committed to leadership, development, integrity and employee empowerment may earn industry recognition and official accreditation through bodies like Investors in People. This enhances their credibility as dealers and implies quality and dedication to high industry standards for excellence and reliability.

Pricing

As with most online retailers, silver dealers save on the overhead of brick-and-mortar locations, allowing them to pass on savings to clients. This could include reduced fees, volume-based pricing and more. 

Whether you’re investing in silver bars or stocks, it pays to comparison shop before deciding how much to invest in stocks and where to put your money.

Pros and Cons of Buying Silver

Before considering the best places to buy silver online, you might think about why it may or may not be right for you. Here are a few things to consider regarding the potential pros and cons of investing in silver.

Pros

Because it’s not just a precious metal but also a practical resource used in medical, energy, tech and other industries, silver is considered a good long-term investment. 

With online investment, you may enjoy reduced commission fees, low minimums for free shipping and other enticements. Silver can offer cost-effective options that deliver a lot of bang for your buck.

Cons

The value of precious metals can fluctuate, but silver tends to be a relatively stable and productive investment in the long term. However, when purchasing tangible products, there can be downsides, such as lengthy shipping times or storage fees, which could entail some inconvenience.

The Advantages of Investing in Silver

With benefits like a low barrier to entry, bonuses and discounts for larger purchases and options for tangible or liquid assets to suit your personal preferences, silver coins, bars, stocks and more are a great way to expand your investment portfolio, especially with so many great options for online silver dealers.

Frequently Asked Questions

Q

What’s the best site to buy silver?

A

Choosing the best site to buy silver will depend on your circumstances and goals. Before you decide, consider your budget and preferences for selection, transparency, security, convenience and options to customize investments.

Q

Is it safe to buy silver online?

A

Buying silver online is safe and convenient when you choose a reputable and secure online seller.

Q

What is the best way to buy silver today?

A

Online purchases are the most efficient option, offering opportunities to purchase physical silver, stocks and more.

Henry Stater

About Henry Stater

Henry is an expert in all things crypto. He stays up to date with all the latest coins, platforms and technologies in the field. He has particular expertise in the burgeoning decentralized finance ecosystem and loves trying out all the new platforms. He also always follows major events in other financial markets and geopolitics as a whole, especially when an event’s effects ripple through the crypto market.