How and When to Sell Silver
Published on 09/08/2017 by APMEX
If you have sizable Silver holdings, you may need to know what to do in the event you want or need to sell Silver. Also, where do you sell it? And is it a good time to sell?
APMEX provides resources for our customers to both buy and sell Precious Metals. We make it easy to sell your Silver, from locking in your price to getting paid. We are passionate about empowering our customers by providing them with the resources and knowledge to make the best investment decisions for their needs.
Selling at the right moment is an important part of maximizing your Silver investment. If you are facing an emergency, the immediate liquidity of Silver may be a comfort to you. There are several questions to consider: What should you look for in the market? How do you time a sale properly?
Good Times to Sell Silver:
- When you have a specific plan for the cash the sale will generate, such as a vacation.
- You are physically outgrowing your storage. Especially with Silver, serious investors may need to reduce their holdings to fit their allotted storage space.
- Need to set your Silver holdings at a specific number of items or ounces for the purposes of estate planning.
When you have made up your mind to sell some of your Silver, watch the spot price for a bit. When you see a gentle upward trend evidencing growth, but not volatility, it may be time to sell.
APMEX recommends discussing the pros and cons of investing with a financial advisor or professional.