How To Buy Silver In Australia Online? 06 best place to buy silver in australia

In February 2025, the leader of the precious metal market, spot gold, surpassed $2,900, reaching an all-time high of $2,945 (Feb-24th-2025)06.70. As the second most popular metal investment, silver is significantly influenced by gold prices and has entered a bullish trend alongside gold.

When market prices surge, many traders, including beginners, take notice and express interest in entering the market. The first step in this journey is finding the best place to buy silver.

In this article, we will guide you through the process of buying silver in Australia step by step and introduce you to some common silver trading platforms.

According to goldprice.org, gold has achieved a remarkable 5-year return of 78.34%, while silver has seen a return of 78.6% (updated by Feb-24th-2025). The price trend of silver typically mirrors that of gold, and its strong performance closely aligns with gold's, making silver the second choice for metal traders, only behind gold.

Gold price vs. silver price over 30 years. Source: macrotrends.com

Silver appears to be a compelling investment in 2025 due to its strong industrial demand, supply constraints, and undervaluation relative to gold.

Silver price in 2025 is driven by several key factors. 

First, industrial demand for silver is surging, particularly in green technologies like solar panels, electric vehicles, and 5G electronics, which now account for over 55% of total demand in 2024. 

Industrial Uses Dominate Silver Demand. Source: Metals Focus, Silver Institute.

This trend is expected to continue in 2025. Global silver demand is projected to remain stable at approximately 1.20 billion ounces driven by significant growth in industrial applications and retail investment, although it will be somewhat offset by a decline in jewelry and silverware demand.

Second, supply constraints are playing a significant role, as silver mine production has stagnated since 2014, leading to a 50% drop in inventories on major exchanges like COMEX and LBMA since 2023. These supply deficits are likely to persist, supporting higher prices. 

Additionally, silver is currently undervalued relative to gold, with the gold-to-silver ratio at 87:1, well above the historical average of 70:1, suggesting significant upside potential if the ratio narrows. Investment demand is also growing, with silver increasingly seen as a store of value and inflation hedge, especially during economic uncertainty. 

Price momentum further supports this outlook, as silver surged 30% in 2024, and experts predict further gains in 2025, with potential targets of $35–$40 per ounce, or even $50 if industrial and investment demand continues to grow.

However, there are risks to consider. A global economic slowdown or recession could reduce industrial demand, particularly in sectors like solar and EVs. Geopolitical and policy risks, such as potential rollbacks of green energy incentives under the Trump administration, could also dampen demand. 

Additionally, silver’s smaller market size makes it more susceptible to price swings due to shifts in investor sentiment

Overall, silver could be a valuable addition to a diversified portfolio or as an inflation hedge, but its inherent volatility means investors should carefully weigh the risks and opportunities. For more detailed insights, you can explore the full articles at the provided links.

When buying silver, it's important to understand the different types of investments available. Here are some common options:

• Physical Silver: This involves purchasing actual silver coins or bars.

• Silver ETFs: Exchange-Traded Funds that track the price of silver.

• Silver CFDs: Contracts for Difference, allowing speculation on silver price movements.

• Mining Stocks: Investing in companies that mine silver.

To clarify the various investment options, the following comparison table offers more detailed information:

If you want to buy physical silver, you can visit the store of the famous brand ABC Bullion, the Perth Mint, or purchase online.

Silver ETFs, silver CFDs, and mining stocks are always traded on online platforms, such as:

This broker is highly evaluated for its transparency. All relevant information and documents are publicly available on the homepage. The exchange is licensed by ASIC – the Australian Securities and Investments Commission. ASIC is one of the most important and reputable licenses in the market.

Investors can participate in various markets with a diverse range of over 700 products across sectors such as: Commodities (gold, silver, precious metals, and crude oil), Stocks (more than 300+ stock codes from major companies), 13 stock indices, 40 ETFs, and over 60 attractive currency pairs.

On Mitrade, traders can automatically adjust the leverage ratio from 1:1 to 1:30 (Silver is up to 1:10) according to their personal risk appetite. For cryptocurrencies and foreign stocks, Mitrade does not charge overnight fees when trading with a leverage of 1:1, allowing new traders to hold these two markets with lower costs and risks.

Of course, any form of trading involves risk, so you should take advantage of the free risk management tools available after opening an account.

What does Mitrade offer? Get your questions answered by our professional team of multilingual customer service specialists

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ABC Bullion is a leading online dealer specializing in the purchase of physical silver and other precious metals. With a strong reputation built on trust and reliability, ABC Bullion offers investors a straightforward way to acquire tangible assets, ensuring security and transparency throughout the buying process. Whether you are a seasoned investor or new to the world of precious metals, ABC Bullion provides the resources and support needed to make informed investment decisions.

ABC Bullion stands out as a reliable option for buying physical silver, providing a range of products and services tailored to meet the needs of all investors.

eToro is a margin trading platform that has gained attention due to its social trading platform. The exchange is heavily promoted in the Vietnamese market and attracts many traders to participate. However, it is also evaluated poorly due to high spreads and withdrawal fees, as well as long withdrawal times.

Similar to Mitrade, eToro holds licenses from FCA and CySEC.

Owing to the recent developments in fintech, buying silver online has become easy and is quickly emerging as a new trend. This includes not only silver CFDs but also physical silver, allowing traders to make transactions from the comfort of their homes or while on the go.

Next, we will provide you with detailed guiding steps.

Trading Silver CFDs Online

Step 1: Find a Trusted CFD Platform

Look for platforms that offer silver CFDs and compare their features, fees, and user reviews.Ensure the platform is regulated by an authority like ASIC (Australian Securities and Investments Commission). Understand the leverage offered, as it can amplify both profits and losses.

Step 2: Create a Trading Account

• Sign Up: Complete the registration process on the chosen platform, providing necessary personal information.

• Verify Identity: Upload identification documents as required for compliance with KYC (Know Your Customer) regulations.

• Fund Your Account: Deposit funds using a secure payment method (bank transfer, credit card, etc.).

Persona note: l I’ve found that platforms offering a smooth verification process reduce entry barriers and build trust.

Step 3: Analyze the Markets

Use technical and fundamental analysis to evaluate silver market trends.

Determine your entry and exit points based on your analysis.

Leverage charting tools and indicators provided by the platform to assist with your analysis.

Step 4: Place Buying and Stop-Loss Orders

• Buying Order: Execute your buy order when the market price meets your target.

• Stop-Loss Order: Set a stop-loss order to automatically sell if the price falls below a specified level, minimizing potential losses.

• Tip: Start with a small position to test the waters and adjust based on market feedback.

Step 5: Monitor the Markets

• Stay Informed: Keep up with news affecting silver prices, such as economic reports and geopolitical events.

• Adjust Positions: Be ready to modify your trading strategy based on market changes. You might need to take profits or cut losses.

• Tip: Subscribe to reliable financial news outlets such as Investing.com.

Step 1: Choose a Reliable Dealer

• Research Dealers: Look for reputable online dealers who sell physical silver (coins, bars, etc.).

• Check Reviews: Read customer reviews and ratings to gauge their reliability and service quality.

• Verify Credentials: Ensure the dealer is registered and has a solid track record in the industry.

Step 2: Analyze the Markets

• Current Prices: Monitor the spot price of silver and compare it with the dealer's selling price.

• Understand Premiums: Recognize that dealers often charge a premium over the spot price for physical silver.

• Tip: Use platforms like Silver Institute for up-to-date pricing and market trends.

Step 3: Purchase the Silver Online

• Select Products: Choose the type and quantity of silver you want to purchase.

• Complete the Transaction: Add items to your cart and proceed to checkout, providing payment details.

• Personal Experience: I recommend paying close attention to transaction fees and shipping options.

Step 4: Check Delivery and Storage

• Delivery Options: Review the dealer's shipping policies, including costs and estimated delivery times.

• Storage Solutions: If you prefer not to store it at home, inquire about storage options offered by the dealer or third-party vaults.

• Tip: Consider professional vault storage if you’re purchasing large quantities.

Step 5: Pay Attention to Taxes

• Understand Tax Implications: Be aware of any taxes applicable to your purchase, such as GST (Goods and Services Tax) on certain types of silver.

• Keep Records: Maintain records of your purchase for future tax purposes or resale.

By following these detailed steps, you can buy silver online in Australia, whether through CFDs or physical purchases.

Good silver investing starts with knowledge; develop the habit of regularly checking the situation of the market and subscriptions to reputable financial news sources. Always employing stop-loss orders and making sure your portfolio is diversified can help you also control your risk. Drawing on personal experience is vital; keeping a trading diary will enable you to grow from both successes and losses. Furthermore, reading market studies from reputable professionals offers insightful viewpoints that might help you to improve your plan. To guarantee the security of your money, lastly make sure you choose trustworthy platforms under appropriate control, such those managed by ASIC in Australia.

Buying silver in Australia is a straightforward process that offers various options for both new and experienced investors. Silver can be purchased in several forms, including coins, bars, and bullion, through various platforms such as online dealers, local coin shops, and auctions. When purchasing silver, it's essential to consider factors like purity, market prices, and secure storage. By following the right steps and understanding the market, you can effectively invest in silver and add it to your portfolio.