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Silver is often referred to as the poor man's gold. However, the people investing in silver are not only the poor but also the savvy investors who know that they will receive huge profits from their silver investments. Silver has performed well on the market in recent years. In fact by statistics, it has reaped greater profits than gold. Silver apart from being used for decorative purposes has wide industrial applications. This feature of silver has made it outperform even gold in the precious metal market. There are many ways to invest in silver. The most traditional form of investing in silver is buying silver in physical form. Silver can be bought in the form of coins, bullions and silver bars. These coins can be minted by the government or can be from private companies. Some buy these coins as collectibles while others are only interested in it for investments purposes. Prices of silver coins can shoot up very high depending on the market and even due to the rarity of the coins. Silver can be further invested in through exchange traded funds or ETFs. This is a good option if you want to invest in silver for a short term. Silver ETFs act like stocks and can be traded like such. Some investors are wary of making long term investments in silver, due to its volatile history of silver prices. It is easy to speculate on silver price through ETFs. However, the ETFs cannot be redeemed for physical silver unless they are of a very high value. It also saves you the headache of storing your valuable silver or being robbed of it. Another form of investing in silver is through purchasing silver options or futures. These are purchased on the Community Exchange (COMEX) which is a subsidiary of the New York Mercantile Exchange. Your silver certificates reflect a value to the current silver prices. Yet another method to profit from the soaring silver metal is by purchasing shares and stocks of silver mining companies. Mining is a speculative business and poses a high amount of risk. It may bring you great profits but it is also very likely that it may bring you no profit at all. So invest in stocks of silver mining companies only if you are a seasoned investor and have an in depth knowledge of the silver market. A rise in silver prices does not necessarily guarantee a rise in price of these stocks. Kyles Humphrey has studied the silver metal extensively and advices various methods to invest in silver to build towards a profitable future. To know more about Silver, please visit www.silver.com.
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