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  • GOLD $4,019.44
  • SILVER $57.52
  • GOLD $4,019.44
  • SILVER $57.52
  • PLATINUM $1,604.20
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IRA Approved Silver

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What is a Silver IRA?A Silver IRA is a self-directed retirement account in which an individual chooses to fund with silver versus more traditional means such as stocks and bonds. IRA stands for individual retirement account and unlike a conventional IRA, self-directed accounts are a variation of an IRA in which the holder manages the assets themselves. This means they can resort to a wider range of investments to fund their account, including precious metals and real estate. This also means that the diligence of research and decision making lies on the hands of the IRA holder themselves.Types of Bullion IRAsA self-directed IRA, or SDIRA, can be either a traditional IRA or a Roth IRA.Traditional IRAs are funded using pre-tax income. The investment grows free of capital gains or dividend income taxes until the moment it is withdrawn upon retirement age (currently 59.5 years).On the other hand, a Roth IRA can be funded with after-tax income, meaning the earnings in the account will be tax-free and will remain that way after the holder decides to withdraw it upon retiring.The key difference between the two types of retirement account is the moment when the IRA holder pays taxes. With a traditional IRA, taxes are due with the action of withdrawing after retirement. With a Roth IRA, taxes are paid prior to the funding of the account.What are the benefits of a Silver IRA?As mentioned above, investing in physical silver bullion could have many benefits. Long-term projections suggest silver prices could remain high. Much like gold, it tends to perform well during a bear market. The reason is that investors seek out silver, among other precious metals, as a tangible asset that is easy to liquidate and could be a hedge against market volatility, inflation, and fiat currency devaluation.Silver has historically been used as currency or the backing of currency, even in the US until the ending of the silver standard. Many believe silver could still be used for currency as a last resort in case of a widespread economic collapse.Furthermore, individuals can make good use of the tax advantages cited in the previous section to build a diverse portfolio, aiming for financial stability and the actual ability to rest in their retirement years.Finally, all 50 american states provide some extent of protection against garnishment in IRAs. Business owners and self-employed individuals will frequently hold IRAs in order to maintain their retirement savings creditor exempt.Click here to learn more about Gold IRAs protection statutes from the 50 states.Which precious metals products are IRA approved?The department responsible for establishing the rules on using precious metals in IRAs is the IRS (Internal Revenue Service). The IRS states that a silver bullion product must be of .999 or greater purity in order for it to be eligible for use in an IRA. For gold the minimum purity is .995 whereas platinum and palladium bullion both must have a minimum purity of .9995.Pre-1965 90% silver coins are one example of silver bullion not approved for silver IRAs.SD Bullion offers a variety of silver coins and silver bars that could be used to fund a retirement account. This page compiles products from our inventory that are IRA approved.Popular IRA-approved Silver BullionMany 99.9% pure silver bars from private mints are popular among investors when it comes to Silver IRAs. Those include silver bars from international manufacturers, such as PAMP Suisse or Valcambi Suisse, but bars from domestic mints such as Scottsdale Mint and Sunshine Mint are very popular as well.Nonetheless, silver bullion coins are typically the most popular choice by investors. They are issued and minted by a sovereign government, meaning they are legal tender within their country of issuing and carry a face value. The following is a list of the most popular products among our customers for IRA purposes:Silver Coins:American Silver EagleCanadian Silver Maple LeafChinese Silver PandaAustralian Silver KangarooSilver BritanniaSilver Bars:Royal Canadian Mint Silver BarPerth Mint Silver BarScottsdale Mint Silver BarSunshine Mint Silver BarPAMP Suisse Silver BarValcambi Suisse Silver BarHow to set up a Silver IRA?If you wish to set up and fund an IRA with silver, you should know that you will not be able retain physical possession of the metals yourself. Silver Bullion IRAs require a qualified IRA Custodian or IRA Trustee to hold the physical precious metals for you.You can learn more about how to start your own precious metals retirement account on our Gold & Silver IRA page. You will also find a list of recommended IRA custodians to research and choose from.The final step is choosing a trusted precious metals dealer. SD Bullion is in the business for over 8 years earning an A+ rating from the Better Business Bureau and we pride ourselves on our more than 50,000 positive customer reviews. For more help or information regarding Silver backed IRAs, you can contact our customer support team at 1(800)294-8732, via email at sales@sdbullion.com, or through live web chat. We are available to assist you Monday through Thursday from 8AM to 6 PM ET, and Friday from 8AM to 5PM ET.