Hi,
With silver prices reaching record highs, there is one pertinent question that comes to mind. The question is: Is it the right time to sell? For some, the answer is not clear. It is not black and white. It all depends on your objectives and who you want to sell it to.
Why So Many People Are Considering Selling Right Now
When silver hits an all-time high, this presents an opportunity that does not come often. If an investor were to have acquired silver years back at much lower prices than today, then this current market represents an opportunity to realize some good returns. To some people, this represents an opportunity to raise funds for other investments by offloading their silver holdings that have become excessive due to their high value.
In addition to this, high prices also indicate high demand from the buyers. Refineries, dealers, as well as investors, demand the actual silver, resulting in high returns if the right dealer is being used.
Reasons You Might Hold Instead
On the flip side, many investors choose not to sell everything. Silver is not just a short-term play for most people; it is a long-term holding vehicle. When inflation concerns continue to linger in the market, some people believe that silver is a hedge worth holding on to, even at expensive prices.
This is the reason why most investors prefer a balanced approach, selling some shares in order to lock in their gains while retaining some shares with the expectation that the gains will be even more in the future.
The Dealer You Sell To Matters More Than Ever
The part that a lot of folks miss is that, when prices are high, the amount that is paid can vary significantly from buyer to buyer. Dealers might, for instance, negotiate a lower price than the spot price or add a fee when buying silver back from the public.
That’s where AU Bullion stands out.
Why Canadians Choose AU Bullion When Selling Silver
AU Bullion has a reputation as having some of the most competitive buy back prices in all of Canada. AU Bullion’s prices are very transparent and are closely aligned with the spot price. AU Bullion offers full payout – no discounted prices.
Whether you are selling silver bars, silver coins, or silver rounds, at AU Bullion, your silver will be assessed in a way that’s fair, the process will be made clear, and payments will be made in a timely way, without pressure, confusing mathematics, or last-minute surprises!
So, is now a good time to sell?
If you’re sitting on a lot of silver, particularly if the prices are as high as they’ve ever been, it might be an optimal time for you to consider your situation. Perhaps selling some or all of your silver holdings could allow you to bank some gains, which don’t come along very often.
And of course, should you decide to part ways with your coins and find a reliable buyer like AU Bullion to purchase them from you, it could also make a substantial impact on how much you end up with. While timing can matter in some situations in terms of selling to the market, who you sell to can matter even more.
