There are a number of options available to fans of silver bullion. As an investor or someone who simply believes in holding physical silver, the options range from silver bullion and proof coins to minted ingots, cast silver bars, and silver rounds. Among the many options you will find available for purchase, Silver.com now offers silver in one of its rawest forms for hobbyists and investors. Silver shot is a unique way to hold silver that offers another low-premium outlet for buyers.
As the name suggests, silver shot looks like a collection of small BB gun rounds. Also referred to as silver grain by some, silver shot is the result of a process that includes taking molten silver and tossing it into cold water. While this is not always the process used by a refiner, it is a common process and results in the silver reforming itself quickly into small clusters that look similar to BB gun rounds. Hence the name, silver shot. The process does not result in a standardized unit of silver as each little cluster has its own individual weight, but on average, the silver reconstitutes in clusters with a diameter of roughly one-quarter inch (6 MM).
Traditionally, silver shot has been purchased by one of two groups of buyers. Refineries will often take recently mined silver and produce silver shot that is then sold to mints. Most mints purchase silver shot to use in producing silver bars. That silver shot is melted back down and poured into pre-cast molds for the production of cast silver bars. In some cases, those cast silver bars are then made into minted ingots. Another common use for silver shot is among hobbyists and jewelers producing finished goods that require .999 fine silver content.
More recently, the growing demand for silver in countless sectors and among private buyers has opened up the door to investors buying silver shot to hold as a physical form of silver that comes at a lower premium than other silver bullion products. It is important to note that silver shot is not assayed or certified in most cases. However, it still boasts at least .999 pure silver content for the collective packaging of silver shot.
Silver.com now carries silver shot in a variety of weights for investors to purchase. For its weight, silver shot is a very affordable option for those looking to grow their physical holdings of the precious metal. Silver shot is available in our catalog in 10 Troy ounce, 100 Troy ounce, and 500 Troy ounce options. These are packaged differently by weight, with 10 oz silver shot in clear tubes. 100 oz silver shot is available with either a clear tube or a bag. 500 oz silver shot is available only with the bag option.
If you have further questions, Silver.com customer service can help. You can call us at 888-989-7223, chat with us live online, or email us directly.