Canadian PMX
Bullion Central
Prices are fetched automatically and may not reflect current merchant prices. Currency conversions and tax treatment are approximate. Rankings are based solely on price. We are not a dealer and accept no responsibility for transactions with listed merchants. Past performance is not indicative of future results. This site does not provide investment advice. Full disclaimer
20g Silver Bar: frequently asked questions
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The cheapest 20g silver bar tracked right now is $50.26 from Canadian PMX, sitting around 19.5% over the $65.33 silver spot price. Silver bar prices move with the spot market, so the same bar can cost noticeably more or less from one week to the next.
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999 fine silver means the bar is 999 pure silver, with only trace amounts of other metals present. It is the standard purity for investment-grade silver bars and coins, meaning the vast majority of the bar's weight is pure silver metal.
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At 20g, 20g silver bars tend to carry a higher premium per ounce than larger bars because minting and distribution costs are spread over less metal. Dealers currently charge around 19.5% over $65.33 spot. Buyers looking to minimise cost-per-ounce usually move to 1oz or larger bars as their budgets allow.
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Tax treatment varies by country. In the UK, silver bar gains are subject to CGT at 18% or 24% depending on your income, above a £3,000 annual allowance. In Canada, 50% of any gain is included in taxable income. US investors pay up to 28% on long-term gains from silver, which the IRS classifies as a collectible.