Basic Type of Silver in Malaysia
Silver market is relatively small compare to gold market in Malaysia. However there are several type of silver in Malaysia that are available for both consumers and investors. Whether you are a collector or investor, the author wrote this page to provide a basic understanding on different type of silver in Malaysia. Do bear in mind that most of the type of silver in Malaysia are not originally from Malaysia. They are mostly imported from overseas in a end product form.
The most basic type of Silver in Malaysia can be broken into 2:
- Silver coin
- Silver bar
Type of Silver in Malaysia 1: Silver Coin
This type of silver in Malaysia is considered the most common among collectors. Reasons are because they are more beautiful and relatively cheaper compare to bigger size silver bars. The most commonly traded silver coin in Malaysia are American Silver Eagle and Canadian Silver Maple Leaf – which your assumption is right, they are imported and not being manufactured in Malaysia. However do bear in mind that the premium for silver coin is higher than silver bar, which means the collector would have to pay more RM to buy 1oz of silver coin compare to silver bar. This type of silver in Malaysia is mostly owned by collect or investor who has smaller capital.
Type of Silver in Malaysia 2: Silver Bar
This type of silver in Malaysia is considered the most common among investors. Reasons are because they are value for money. The premium for such type of silver in Malaysia is lower compare to silver coin. In Malaysia, the most commonly traded silver bars are PAMP SUISSE (1 kg bar), Public Gold (1 kg bar, 500gram bar, 250gram bar), Oneasia Gold Mint (500gram bar). There are many smaller sizes bar are being traded in Malaysia such as Silvertowne (1oz), PAMP SUISSE LADY FORTUNA (1oz) and Morgan bar (1oz). There are too much such smaller bar available in Malaysia. Most of the smaller size bar sellers order the stock online from overseas and distribute to local retail buyer. Although smaller sizes bar are available, genuine investors usually buy bar with larger size as they are easier for storage.
This article is a basic introductory article for those who are started to learn about Silver in Malaysia, please feel free to explore further in this website to learn more about Silver in Malaysia.
Next article is: How to buy Silver in Malaysia.