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In 700 BC, a silver alloy was first used as money, but over time, the uses for the shining metal have expanded and become more diverse. Beyond its gleaming beauty, which makes metal treasured for jewelry and the creative arts, silver is in high demand industrially.

Investors frequently choose gold and silver when it comes to purchasing precious metals as a hedge against economic swings. While many people prefer the well-known "yellow metal," IRA approved silver is becoming more and more popular for a variety of reasons. Silver is a preferred option for those who have a Precious Metal IRA due to the wide range of silver bullion items that are offered, the amazing diversity within those categories, and the more reasonable premiums for silver. Only particular silver bullion pieces are eligible, just like any other IRA backed by precious metals.