Getting Started with Silver

5 Tips for Novice Silver Investors

2. Verify information from other sources.
As with anything in the Internet age, there are many biased or incorrect sources of information out there. Try to get information from primary sources, or at least confirm information through another reputable source.

3. The sure-fire way to invest in silver without the worry is to invest in bullion or coins.
You can use ETFs, but the paper market in silver is manipulated by institutional investors and often diverges from the realities of the physical market. Options trading is complex and potentially dangerous for beginners.

4. Before you invest in silver, make sure you calculate how much you can invest, taking into consideration your IRA rollover funds, cash on hand, and other assets that you wish to turn into silver.
Be sure to keep your emergency fund mostly in cash for unforeseen expenses. You don’t want to bite off (invest) more than you can chew (afford).

5. If you are looking to invest in silver coins and silver bars, be prepared to exhaustively search for sellers who are selling as close to the spot price of silver as possible.
You will need to pay a fee in addition to the spot price, otherwise businesses that sell silver coins couldn’t exist. The more silver you are buying, the less percentage of fees you should be expected to pay.