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November 13, 2016

Investing in Silver, Buying Silver

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The price of silver is on the rise and there are many ways you can take advantage of it. We’ve already talked many times about the iShare silver trust

which has been following the price of silver as it should. It’s an easy way to get into silver rather than buying silver bars, which sometimes can be a little daunting and might require a safe or at least renting a safe deposit box.

You can also get into the silver market by investing in silver mining companies or other precious metals funds that deal with investing in not only metal itself but also mining companies. This can keep you diversified.

I must start out the following list of silver mining company stocks by saying that I’m not suggesting you buy these particular stocks, but if you’re bullish on silver this may be just another play that you want to investigate.

Stocks

General Moly, Inc – GMO

Hecla Mining Company – HL

US Gold Corporation – UXG

Funds

Vanguard Precious Metals and Mining – VGPMX

RBC Global Precious Metals – RBF468

BMO Precious Metals – BMO147

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is climbing, jumping nearly $3 today. Silver is slowly regaining it’s strength, almost back to highs seen over a year ago. Will it continue to rise as the economic outlook in the US remains unstable?

Well, I don’t really know if the economic outlook in the US is really that unstable. Some people say it’s just fine. But I do know that the price of silver has been rising and that is always a good thing.

As we’ve mentioned before. You may want to check out the ETF SLV which could mitigate some of the risk of owning straight silver bars, or invest in some silver mining stocks whose prices might not but fully affected by the price of silver.

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