Silver bullion refers to silver that is officially recognized as being at least 99.9% pure and is sold in bars, rounds, or coins. Bullion is primarily valued by its weight and purity rather than its face value or artistic design. It is considered a tangible asset for investors seeking to diversify their portfolios or hedge against economic uncertainty.
Investors and collectors typically purchase silver bullion for its intrinsic value as a store of wealth and as a hedge against inflation, currency devaluation, and economic instability. Additionally, some people purchase silver bullion for it's relatively lower premium over spot compared to a numismatic or collector coin. Bullion is also widely recognized for it's purity, and therefore can easily be offloaded when it comes time to sell.