How to Buy Silver Online?

Buying silver online from reputable high volume silver bullion dealers is almost as simple as buying a book from Amazon or other high volume online retail stores. The biggest difference will be in payment method and time required for full payment clearance and delivery.


Buying Silver Online

To buy silver online is easier than you might think. The process is pretty straight forward.

To buy silver bullion coins, silver bullion rounds, and silver bullion bars online is now akin to buying a book on Amazon. The only major difference depends on how you end up paying for the silver bullion you are buying online (i.e. paying 100% by debit or credit card, or by bank wire transfer, personal check, ACH, PayPal, etc.).

First you will want to find a reputable online silver bullion dealer who gives you the ability to buy and lock in your prices for reputable silver bullion products 24x7. We suggest always verifying organic hard to fake customer review websites to be sure that they silver bullion dealer you are thinking about buying from is indeed delivering on their promises and services.

When buying silver bullion online the bullion dealer will require you to create a free account on their website for delivery and payment purposes.

If you buy silver bullion online, you should be able to simply select the silver bullion products you want to buy, place them in your cart and checkout mandating your final delivery address.


Purchase Ranges for Online Silver Buying

Less than $20 up to $1+ million USD or more.

Trusted high volume online silver bullion dealers are great for those who want to acquire silver bullion at a fair price. The high volume silver bullion dealer industry is very price competitive.

Generally online silver bullion dealer offer tiered pricing meaning the more you spend the lower your overall price may be per ounce. Every order a silver bullion dealer takes on has a fixed transactional cost associated so for smaller orders expect to pay a slightly higher price per ounce.


Ease of Buying Silver Online

You can buy silver bullion online from virtually anywhere at any time.

We know from experience that most people are pretty nervous when it comes time to put in their first order for silver bullion. This is especially natural if one is spending a lot of cash. Most everyone gets nervous spending that kind of money. Combine that with the fact this is probably part of your retirement and the stress is higher.

Luckily, we can also say from experience after your first transaction or two your stress will lower. Also it helps that the process is pretty easy and straightforward these days.

The biggest difference between buying silver bullion online versus other products or services is the fact that silver bullion is a precious commodity that is difficult to track and trace. Shipping silver through the mail requires some specialized knowledge, insurance, and discreet protective packaging.



Payment for Online Silver Buying

Options range from paying with checks, bank wire transfers, debit and credit cards, etc.

Silver bullion dealers who want to stay solvent and avoid fraud, must always wait for irrevocable fund clearance before shipping any silver bullion to customers.

For the largest orders bank wire transfer is often the chosen payment method due to speed and security. Domestic bank wire transfers cost about $25 USD and often require a physical visit to the bank (some large commercial banks do have secure online bank wire transfer options with security prerequisites). Bank wire transfer payments clear within one business day, and shipment can be made immediately following full payment clearance (the only shipment delay otherwise might be backordered or soon to be released silver bullion products).

Most high volume online silver bullion dealers also offer 100% debit and credit card payments for a slightly higher price than cash payment options (e.g. check, bank wire transfers, etc.). This means you would likely have to pay a 3 to 4% higher price for credit or debit card orders due to generally higher processing fees associated with such payment options. Payment clearance time for credit and debit cards is typically 1-3 business days. Upon full payment clearance, your silver bullion shipment can be made. Many customers like using full credit or debit card payments due to the additional level of security this payment option affords customers (i.e. customer’s ability to apply chargebacks if the silver bullion dealer fails to uphold their end of the transaction). Most often payment processors and credit card companies side with consumers on chargebacks, not the business.

Finally many online silver bullion dealers allow check payments to be physically mailed. Although paying by check is often the lowest cost option (taking into consideration the price of a stamp vs a bank wire transfer vs credit or debit card processing fees, etc.) paying for silver bullion orders by check is also the slowest method typically. This is because check payment clearance times vary from 5 to 10 business days for fully cleared good funds.

Other payment options becoming more universally available within the online silver bullion industry include in no particular order payments using: Bitcoin (via BitPay), PayPal, Bank ACH after security clearances, cash equivalents in small size (e.g. cashier’s checks, postal money orders, etc.).


Security for Online Silver Buying

Buying silver bullion online is commonplace, safe, and secure.

The nice thing about buying silver bullion online is minimizing security concerns. The silver bullion you buy should be nondescriptly shipped with tracking and full insurance to your home or professional depository of choice. Competent online silver bullion dealers insure the shipments against loss. Larger $500 USD or more sized silver bullion order shipments typically require an adult’s signature to accept the package.


Privacy for Silver Bullion Buying Online

Buying silver bullion online should be a highly private affair.

The privacy you can enjoy when buying silver bullion online often depends on where you ship it. If you ship a very large heavy order of silver bullion to your home, you’ll have slightly less privacy given that the delivery man will have to lug such heavy parcels. If ultimate privacy is a concern then perhaps consider using a US Post Office PO Box for any outsized silver bullion orders.

Usually the first concern brought up with home delivery is that the mailman will recognize the package contains silver bullion. While this is a concern, it’s not that typical as smaller silver bullion parcels are often well packaged (not jingling) and nondescript in the return address. For example we often send parcels under ‘SD Bearings and Supplies’. We would never explicitly write anything precious metal related on parcels enroute to their destinations.


Good online silver bullion dealers take precautions when sending shiny bullion through the mail. Many will disguise the return address to not say silver dealership and package the precious metals securely so they don’t make noise or shift in route to their delivery address.

The bigger concern you should have is what you’ll do when the metals arrive. Typically an adult signature is required. So will you be home to sign for the package? If not, you might get some awkward questions from family or friends.

If you want to avoid that, you could ship the metals to a P.O. Box you own or too your work office perhaps. If the package is really heavy, perhaps just need to figure out an excuse ahead of time.


Speed for Delivery of Silver Bullion Bought Online

In calm markets, depending on payment used, the entire process should take less than a couple weeks.

It will take a bit of time for your metals to arrive, usually between 3 - 15 days (under normal market conditions). When there are financial crisis you should expect silver bullion product unavailability, higher price premiums per ounce, shipment process times to increase, and delivery delays to occur.


Prices for Silver Bullion Buying Online this past Decade

Given that online silver bullion dealers sell across the country, they tend to have the lowest prices.

Online silver dealers are in one of the most competitive industries possible. In general, online silver bullion dealers are all buying and selling the most popular homogenous products (commodities) in an environment that has little to no barriers between competing silver bullion dealers.

The key is to find the best prices for your silver bullion purchase combined with a silver dealer who has a highly rated customer experience record and proof of success. Always look out for hidden commissions and exorbitant shipping fees which may increase the overall cost to you. Most successful high volume silver bullion dealers offer free or discounted shipping for large orders. For example our shipping fee is a flat rate $7.77 USD per order.

The following charts cover popular Silver Bullion coins and their average price or product premiums over the fluctuating silver spot price. Take note that during financial crisis silver bullion product prices increase substantially over the fluctuating silver spot price as available silver bullion supplies have difficulty meeting increased investor demand. Thus to find an equilibrium for increased demand with limited supplies, silver bullion prices tend to rise exorbitantly over the fluctuating spot price.


US Mint: American Silver Eagle Prices 2008 - 2018


Over the past decade there have time frames with sharp increases in American Silver Eagle Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of up to 75% over the then silver spot price

Other rapid price increases for these most popular silver bullion coins were a result of US Mint coin strike suspensions or limited product allocations (i.e. rationings).


Royal Canadian Mint: Silver Maple Leaf Coin Prices 2008 - 2018


Over the past decade there have time frames with sharp increases in Canadian Silver Maple Leaf Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of up to 45% over the then silver spot price.

Other rapid price increases of this second most popular silver bullion coins were a direct result of the most popular silver bullion coins either having suspensions or limited product allocations (i.e. rationings).

Any large silver bullion product supply pressure typically raises price premiums on all silver bullion products as demand typically either remains constant and or slightly increases (i.e. silver bullion price increase spillover effect).


Austrian Mint: Silver Philharmonic Coin Prices 2008 - 2018


Over the past decade there have time frames with sharp increases in Austrian Silver Philharmonic Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of up to 40% over the then silver spot price.

Other rapid price increases of this third most popular silver bullion coin over this timeframe was a direct result of the most popular silver bullion coins either having suspensions or limited product allocations (i.e. rationings).

Any large silver bullion product supply pressure typically raises price premiums on all silver bullion products as demand typically either remains constant and or slightly increases (i.e. silver bullion price increase spillover effect).


US Mint: Constitutional 90% Silver Coin Prices 2008 - 2018


Over the past decade there have time frames with sharp increases in no longer issued US 90% Silver Coin prices (often called Junk Silver Coins, 90% Silver Coins, or Constitutional Silver Coins).

These coins are often referred to as Constitutional Silver Coins as silver coinage (as well as gold coinage) was explicitly mandated in the Constitution of the United States of America.

The first price premium rise for 90% Silver Coins in the chart above was in late 2008 during the global financial crisis reaching a price per ounce premium of up to 40% over the then silver spot price.

Other rapid price increases of this third most popular silver bullion coin over this timeframe was a direct result of the most popular silver bullion coins either having suspensions or limited product allocations (i.e. rationings).

Any large silver bullion product supply pressure typically raises price premiums on all silver bullion products as demand typically either remains constant and or slightly increases (i.e. silver bullion price increase spillover effect).

All the aforementioned popular silver bullion products and many others can be bought and sold at SDBullion.com


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