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Investing » How to Buy Silver with Money Metals Exchange: A Beginner’s Guide

How to Buy Silver with Money Metals Exchange: A Beginner’s Guide

Learn how to buy silver from Money Metals Exchange step by step, with smart tips, popular products, and savings atrategies.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

The information provided on this website is for informational and educational purposes only and does not constitute financial, investment, or legal advice. We do not provide personalized investment recommendations or act as financial advisors.

Table Of Content

If you're considering investing in silver, Money Metals Exchange is a user-friendly, trusted platform offering a broad selection of bullion products, competitive pricing, and educational tools for beginners.

Founded in 2010, the company has earned a reputation for customer service, transparent pricing, and a strong commitment to helping everyday investors access physical precious metals:

Platform
Rating
Trustpilot
3.3 (125 reviews)
Better Business Bureau (BBB)
A+ | Accredited Since 2011 | 4.4 (143 reviews)
Consumer Affairs
4.7 (168 reviews)

5 Steps to Buy Silver from Money Metals Exchange

Let’s break it down and see exactly how to buy silver from Money Metals Exchange:

1. Set Your Silver Investing Goals and Preferences

Before you start browsing, clarify what kind of silver buyer you are. Whether you're interested in stacking silver for wealth protection or collecting silver coins for potential value appreciation, Money Metals has a wide range of options.

Here’s what to think about:

  • Budget – You can find silver starting from fractional rounds (as low as 1/10 oz) to 100 oz bars. There are also starter kits for beginners under $100.

  • Type of Silver – Choose between government-minted coins (like Silver Eagles), private mint rounds, or bars from trusted producers like Sunshine Mint and Asahi.

  • IRA Eligibility – Products approved for inclusion in a Precious Metals IRA are clearly marked.

  • Premiums – If you're focused on silver as a store of value, stick to low-premium bullion like 1 oz rounds or 10 oz bars.

If you're new to silver investing, start with a low-premium product like the 1 oz Silver Round from Money Metals, often one of the best value per ounce options on the site.

2. Create a Money Metals Exchange Account

You don’t need an account to place an order, but registering gives you:

  • Faster checkout

  • Access to your order history and shipping status

  • Notifications about silver price alerts and discounts

There's no verification or paperwork unless you're opening a Silver IRA, which Money Metals facilitates through partners like New Direction Trust Company.

3. Browse Silver Products by Type or Category

Navigating Money Metals is simple. Head to the “Silver” tab, and you’ll find organized categories like:

  • Silver Coins – American Silver Eagle, Canadian Maple Leaf, and other sovereign coins

  • Silver Bars – Available in 1 oz, 5 oz, 10 oz, kilo, and 100 oz sizes

  • Silver Rounds – Private mint options with lower premiums than coins

  • Fractional Silver – Options like 1/10 oz rounds if you're starting small

Each product page includes live pricing updates, volume discounts, IRA eligibility, and estimated shipping timelines.

Money Metals often runs promotions where buying multiple of the same item (especially bars or rounds) unlocks significantly better per-ounce pricing. Bulk buys pay off.

American silver Eagle coins, Money Metals Exchange
Example of American silver Eagle coins, Money Metals Exchange

4. Add to Cart and Lock in Your Silver Price

Silver prices move in real time. Once you add an item to your cart and complete checkout, your price is locked based on the spot price at that moment.

Here are your payment options:

  • Bank Wire / eCheck / ACH – Offers the best price tier and lowest processing fees

  • Credit/Debit Cards – Accepted but include slightly higher premiums

  • Check – Slower processing, but still offers low-cost pricing

  • Cryptocurrency – Accepted via BitPay (Bitcoin, Ethereum, etc.)

You’ll receive a full confirmation with payment instructions immediately after placing your order.

Money Metals Exchange payment methods
Money Metals Exchange payment methods (Screenshot from Money Metals Exchange website)

5. Track Shipping and Delivery – Fast & Fully Insured

Once your payment clears, your silver order is shipped in non-branded, discreet packaging and is fully insured during transit.

What to expect:

  • Most orders ship within 2–4 business days

  • Tracking information is emailed once shipped

  • Signature required for orders over $500

  • All orders are insured against loss or damage

Popular Silver Products on Money Metals Exchange

Here are some of the most popular silver items currently available:

Product
Description
IRA Eligible
1 oz American Silver Eagle (BU)
Most recognized U.S. silver bullion coin with high liquidity
Yes
1 oz Silver Round – Money Metals
Low-premium private mint round, ideal for stacking
Yes
10 oz Silver Bar – Sunshine Mint
Trusted brand, serialized bar with anti-counterfeit features
Yes
1 oz Canadian Silver Maple Leaf
High-purity (.9999) coin from Royal Canadian Mint
Yes
5 oz Silver Bar – Generic
Affordable bar with basic branding, lower premium
No
Fractional Silver Rounds
Smaller denominations like 1/10 oz or 1/4 oz
No
100 oz Silver Bar – Various Brands
Great value per ounce, suitable for long-term storage
Yes
Silver Starter Kit
Beginner-friendly bundle under $100
No

Many of these products are eligible for tiered volume discounts or IRA inclusion.

Does Money Metals Exchange Offer a Buyback Program for Silver?

Yes, and it’s one of the more transparent buyback programs among dealers. Here’s how it works:

  • Call their trading desk or fill out an online form to lock in your sell price

  • Ship your metals using the instructions they provide

  • Once verified, you’ll receive payment by ACH, check, or bank wire

Money Metals publicly lists its live buyback prices on the site, so you can compare spreads instantly.

Additional Gold and Silver Products Available at Money Metals

Money Metals Exchange doesn’t just offer basic silver coins and bars. For investors looking to expand or diversify, there are several other products worth exploring.

Here’s what else you’ll find:

  • Gold Coins and Bars – American Gold Eagles, Gold Maples, and PAMP Suisse bars

  • Silver and Gold Commemoratives – Limited-edition pieces for collectors

  • Copper Rounds and Bars – Low-cost way to start investing in metals

FAQ

There’s no strict minimum, though some payment types (like bank wires) are only available for larger purchases. Even small silver rounds can be purchased individually.

Currently, shipping is limited to the United States. They do not support international delivery due to customs and insurance limitations.

They don’t advertise loyalty discounts, but bulk pricing, email deals, and the Monthly Savings Plan reward frequent buyers.

Yes, they offer secure vault storage in Idaho with insurance. It’s optional and ideal for larger holdings or IRA accounts.

Yes. You can automate recurring silver purchases with customizable products, delivery frequency, and budget limits.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor.

While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.