How Is Silver Made?
Silver is the second most valued precious metal investment in the world. You often see silver in the form of silver coins or bullion bars and wonder if that’s exactly how they extract it out of the earth’s core—in a bucket full of nugget-like form. But that deduction is far off target from how silver is produced and brought to silver investment companies in the market.
The tale of silver mining can be traced back to 3000 BCE, around 5000 years ago. Silver was first discovered in Turkey, in the city of Anatolia. The early civilization, particularly in the ancient Greek region, dearly benefited from this precious metal as it helped them flourish in terms of wealth and value around the globe.
Today, silver production has grown exponentially compared to its first discovery—an estimated 25000 metric tons of silver was produced globally in 2020. It’s the second most valuable metal for investors and possesses incredible qualities, making it ideal for industrial purposes.
For investors, silver is often seen as a reliable opportunity for ownership of tangible assets and a trusted source for diversifying a portfolio.
If you’re thinking about investing in silver, consider our investment services and experienced investment guidelines. Orion Metal Exchange is the place for you to be. We have 50 years of experience in metal exchange and guiding investors towards the right investment opportunities. We can also help you open a silver IRA to hold your retirement funds for a safe future.
Let’s now look at how silver is extracted, purified, and minted into silver bullion coins and bars.
The Production of Silver
Modern mining operations rarely target the extraction of silver, which is one of the metal’s most unique characteristics. Although there are certain silver-specific mines, much of the silver extracted from the soil is a byproduct of other mining processes.
This precious metal emerges during the purification processes of other metals like copper, lead, and zinc. Silver also tends to be discovered alongside gold resources, so some lucky gold miners often receive a silver jackpot along with the gold.
How Investors Can Benefit from Silver
Many silver bullion bars and silver coins are eligible for inclusion in an individual retirement account while being associated with several tax advantages. This allows the investors to keep their assets safe while also minimizing taxes.
You can buy silver coins in your silver IRA investment for a tax-advantaged retirement plan.
Orion Metal Exchange can help you put your money in the right place for a secure retirement plan. We’re a PCGS (Professional Coin Grading Service) Authorized Dealer, providing our clients’ investment options while always being efficient and transparent.