With the new year underway and economists predicting a potential recession in 2023, many investors are seeking ways to protect their portfolios and secure their financial future. One popular strategy is to allocate funds to precious metals, such as silver bullion. In this article, we’ll take a closer look at the top silver coins, rounds, and bars to consider purchasing in 2023.
Introduction
The uncertainty surrounding the economy has led many financial advisors to recommend investing in precious metals as a way to hedge against inflation and economic turmoil. Analysts predict that silver prices could reach up to $35 an ounce in 2023, making it an attractive option for investors looking to add value to their portfolios.
Silver Coins and Rounds
Silver coins and rounds are a popular choice for investors, with a range of options available in terms of size and finish. Here are some of the top silver coins and rounds to consider in 2023.
Canadian Maple Leaf Coins
The Canadian Maple Leaf coins, struck by the Royal Canadian Mint, have been a trusted investment since their introduction in 1988. Each coin contains 1 troy ounce of .9999 fine silver, making them one of the purest silver bullion coins available. The obverse features the reigning monarch from the year of issue, while the reverse displays the iconic sugar maple leaf design. In 2023, the Canadian Maple Leaf coins will feature Her Late Majesty Queen Elizabeth’s final effigy in the series.
British Silver Britannia Coins
First introduced by the British Royal Mint in 1997, the Silver Britannia coins are now struck from .999 fine silver. The 2023 Britannia coin will be the final one in the series to feature Queen Elizabeth II on the obverse, with a coin featuring King Charles III’s first effigy to be released later in the year. The reverse showcases the regal Standing Britannia figure holding a trident.
Australian Silver Kookaburra Coins
The Perth Mint has been striking the Silver Kookaburra coins since 1990, with each coin containing .999 fine silver. Available in a variety of weights, including 1 oz, 2 oz, 10 oz, and 1 kg, the obverse depicts the effigy of the reigning monarch from the year of issue. The reverse showcases the yearly-changing design of a Kookaburra bird, making them a popular choice for collectors as well as investors.
Austrian Silver Philharmonic Coins
Produced by the Austrian Mint, the Austrian Silver Philharmonic coins are a trusted investment choice, with a weight of 1 troy ounce and a purity of .999 fine silver. The obverse features the Vienna Philharmonic Orchestra, while the reverse showcases a variety of musical instruments, including a cello, violin, and harp.
Silver Bars
In addition to coins and rounds, silver bars are another option to consider when looking to invest in silver bullion. Here are some of the top silver bars to purchase in 2023.
PAMP Suisse Silver Bars
Swiss-based precious metals refiner PAMP Suisse is known for producing high-quality silver bars, each with a weight of 1 troy ounce and a purity of .999 fine silver. The obverse features the PAMP Suisse logo, while the reverse showcases the weight, purity, and serial number of the bar.
Johnson Matthey Silver Bars
British refiner Johnson Matthey has been producing silver bars for over a century, with a reputation for quality and reliability. The bars are available in a variety of weights, with a purity