Everything you need to know about money

The price of silver is also called the "spot price." It is determined twice a day in London based on international supply and demand at a given time. This quotation sets the price per troy ounce of silver and allows for trading (buying and selling). The price remains variable and can increase or decrease depending on external factors. Unlike the stock market, which reflects the financial health of companies, gold and silver prices are based on:

• Geopolitical crises, international growth, and currencies;
• An increase in purchases to build up reserves;
• Central banks and their economic policies;
• The stock market: investors favor investments in physical precious metals in the event of a gradual decline in stock markets.

The price of silver plummeted during the first Covid-19 lockdown. It subsequently recovered and has now stabilized at around €18 per troy ounce, or approximately €600 per kilo of silver.

The daily quotation helps partially determine the price of French and foreign silver bars and coins.

The international context is uncertain, and governments and central banks are buying precious metals en masse. Individuals are also investing in silver by purchasing silver in bars or coins. Purchasing silver offers several advantages:

• Silver is a hedge against inflation: when the value of money falls, purchasing power erodes. Investing in silver allows you to preserve your wealth over the long term. The price of silver fluctuates but remains stable over time;
• Ease of management: you can easily buy or sell ingots or silver coins. You can keep the products at home or in a safe.
• The inheritance and transfer of silver bars or coins can be done from person to person. The tax authorities must be notified of the gift, which is then subject to inheritance tax rates.
• Wealth diversification: this is one of the rules of investing to avoid limiting capital losses;
• The entry-level price of silver: palladium, platinum, and gold have higher prices. purchasing silver bars will cost you more. Silver is therefore an alternative to these metals. Bars come in all sizes and weights.

GoldUnion agencies are open year-round to present our various ranges of pure silver products. Whether you're buying bars or coins, you can also purchase silver through our e-commerce site.