It used to be that if you wanted to invest in silver, you had to go out and buy it and then place it in a secure holding area as protection against thieves. The physical purchase of silver was standardized through futures contracts that created broad rules and regulations.
A silver futures contract is:
- 5,000 troy ounces
- A minimum of .999 fineness
- Used for regulating delivery
What are the pros and cons of outright silver ownership?
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