Can You Buy Silver Bars and Coins From A Bank?

Above, a 2023 American silver eagle proof set. Photo by Armand Vaquer.

With silver now at $119/troy ounce at Comex, it is tempting people to sell. However, there are those who still want to buy silver.

A question arises: Can you buy silver bars and coins from a bank?

CBS News posted an article answering that question.

They begin it with:

With inflation pressures still impacting purchasing power and economic uncertainty prompting investors to reassess their portfolios, precious metals have resurged as a popular hedge strategy. And, while gold has been having a moment over the past year, silver prices have climbed notably in tandem, outpacing gold's upward trajectory and attracting both seasoned investors and newcomers looking to diversify beyond traditional stocks and bonds. For many investors exploring this asset class, a seemingly logical first stop would be their local bank branch.

But the process of acquiring physical silver isn't quite as straightforward as withdrawing cash from your bank account or opening a certificate of deposit (CD). While banks serve as trusted financial intermediaries for countless transactions, their role in the precious metals market tends to differ. That can come as a surprise to investors who are expecting to walk into their banking institution and purchase silver bars alongside their routine banking services. So, before you head to your bank, it's worth knowing whether you can actually buy physical silver this way.

To read more, go here.